Japan Tob (OTCMKTS:JAPAY) Shares Gap Up – What’s Next?

Japan Tob (OTCMKTS:JAPAY) gapped up before the market opened on Tuesday. The stock had previously closed at $15.21, but opened at $17.30. Japan Tob shares last traded at $17.2350, with a volume of 55,104 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JAPAY. Zacks Research upgraded shares of Japan Tob from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 29th. BTIG Research started coverage on shares of Japan Tob in a report on Wednesday, July 22nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.00.

Japan Tob Stock Up 15.0%

The stock has a market cap of $62.10 billion, a PE ratio of 12.77, a P/E/G ratio of 1.23 and a beta of 0.28. The business has a 50 day moving average price of $22.16 and a 200 day moving average price of $20.04. The company has a quick ratio of 1.45, a current ratio of 2.04 and a debt-to-equity ratio of 0.35.

Japan Tob (OTCMKTS:JAPAY) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.45 billion. Equities research analysts expect that Japan Tob will post 1.16 EPS for the current fiscal year.

Japan Tob Company Profile

Japan Tobacco Inc. is a Japanese company whose principal business is the manufacture and sale of tobacco products. Its portfolio includes cigarette brands such as Winston and Mevius, and the company also offers reduced-risk products and other tobacco-related products. Through its international operations, the company sells tobacco products in markets around the world. Japan Tobacco traces its origins to Japan’s government tobacco monopoly, established in 1898, and became a public company in 1985.