TD Securities Lowers KP Tissue (TSE:KPT) Price Target to C$9.00

KP Tissue (TSE:KPT) had its price objective cut by equities research analysts at TD Securities from C$9.50 to C$9.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 8.56% from the company’s current price.

KPT has been the subject of several other reports. National Bankshares cut their price objective on KP Tissue from C$9.50 to C$9.00 in a research note on Friday, March 8th. CIBC decreased their price objective on KP Tissue from C$10.00 to C$9.00 in a report on Monday, March 11th.

KP Tissue Stock Down 0.5 %

Shares of KP Tissue stock opened at C$8.29 on Tuesday. KP Tissue has a twelve month low of C$8.20 and a twelve month high of C$10.84. The business has a 50-day moving average price of C$8.57 and a 200 day moving average price of C$9.05. The firm has a market cap of C$82.57 million, a PE ratio of -16.58, a P/E/G ratio of -0.88 and a beta of 0.35.

KP Tissue (TSE:KPT) last announced its quarterly earnings results on Thursday, March 7th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.01). The company had revenue of C$482.27 million during the quarter, compared to analysts’ expectations of C$498.00 million. On average, sell-side analysts expect that KP Tissue will post 0.4827009 EPS for the current year.

About KP Tissue

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.