KP Tissue (TSE:KPT) Reaches New 12-Month High – Here’s Why

KP Tissue Inc. (TSE:KPT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$13.36 and last traded at C$13.20, with a volume of 12898 shares. The stock had previously closed at C$13.14.

Analyst Ratings Changes

Several equities analysts recently commented on the company. TD boosted their price target on KP Tissue from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Desjardins boosted their price target on KP Tissue from C$12.00 to C$12.50 and gave the stock a “hold” rating in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$11.63.

KP Tissue Stock Performance

The firm has a fifty day simple moving average of C$11.72 and a 200-day simple moving average of C$10.95. The company has a market capitalization of C$132.87 million, a PE ratio of 14.72, a P/E/G ratio of -0.88 and a beta of 0.55.

KP Tissue (TSE:KPT) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter. As a group, research analysts anticipate that KP Tissue Inc. will post 0.4398964 EPS for the current fiscal year.

KP Tissue Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.84 annualized dividend and a yield of 6.3%. KP Tissue’s payout ratio is currently 80.00%.

KP Tissue Company Profile

KP Tissue Inc operates as a holding company. The firm produces, distributes, markets, and sells a range of disposable tissue products in North America. It offers bathroom and facial tissues, paper towels, paper towels, and napkins, as well as disposable wiping products and washroom dispensing systems.