Japan Tob (OTCMKTS:JAPAY) Reaches New 12-Month High – Should You Buy?

Japan Tob (OTCMKTS:JAPAY)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $22.6250 and last traded at $22.20, with a volume of 437 shares traded. The stock had previously closed at $22.13.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JAPAY. BTIG Research started coverage on shares of Japan Tob in a report on Wednesday, July 22nd. They set a “buy” rating on the stock. Zacks Research upgraded Japan Tob from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Japan Tob currently has an average rating of “Hold” and an average price target of $17.00.

Japan Tob Price Performance

The company has a quick ratio of 1.31, a current ratio of 1.88 and a debt-to-equity ratio of 0.38. The firm’s 50 day simple moving average is $19.82 and its 200 day simple moving average is $19.17. The company has a market capitalization of $79.31 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.53 and a beta of 0.27.

Japan Tob (OTCMKTS:JAPAY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.15 billion. As a group, research analysts anticipate that Japan Tob will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Japan Tob

An institutional investor recently bought a new stake in Japan Tob stock. X Square Capital LLC acquired a new stake in Japan Tob (OTCMKTS:JAPAY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,844 shares of the company’s stock, valued at approximately $608,000.

Japan Tob Company Profile

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).