Japan Tob (OTCMKTS:JAPAY) Sets New 52-Week High – Here’s Why

Japan Tob (OTCMKTS:JAPAY)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $22.58 and last traded at $22.5072, with a volume of 2140 shares traded. The stock had previously closed at $22.16.

Wall Street Analysts Forecast Growth

JAPAY has been the subject of a number of research analyst reports. BTIG Research initiated coverage on shares of Japan Tob in a research note on Wednesday, July 22nd. They issued a “buy” rating for the company. Zacks Research raised Japan Tob from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.00.

Japan Tob Trading Up 1.4%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.31 and a current ratio of 1.88. The business has a 50-day simple moving average of $19.42 and a two-hundred day simple moving average of $19.00. The stock has a market cap of $79.75 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.49 and a beta of 0.27.

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

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).