KP Tissue (TSE:KPT) Sets New 12-Month High – Time to Buy?

KP Tissue Inc. (TSE:KPT) reached a new 52-week high on Tuesday . The stock traded as high as C$13.56 and last traded at C$13.49, with a volume of 10970 shares. The stock had previously closed at C$13.31.

Analyst Ratings Changes

A number of equities analysts have recently commented on KPT shares. 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 report on Friday, May 15th. Desjardins lifted their target price on KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a research report on Friday, May 15th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$11.62.

KP Tissue Price Performance

The firm has a market cap of C$133.97 million, a price-to-earnings ratio of 14.84, a PEG ratio of -0.88 and a beta of 0.55. The firm has a 50 day moving average of C$12.04 and a 200 day moving average of C$11.09.

KP Tissue (TSE:KPT) last issued its earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter. Equities analysts expect that KP Tissue Inc. will post 0.4398964 EPS for the current year.

KP Tissue Dividend Announcement

The company 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. This represents a $0.84 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, June 30th. KP Tissue’s payout ratio is currently 80.00%.

Insiders Place Their Bets

In other news, Director David A. Spraley sold 3,668 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of C$13.30, for a total value of C$48,784.40. Following the transaction, the director owned 15,712 shares in the company, valued at C$208,969.60. The trade was a 18.93% decrease in their position. Insiders have sold 6,668 shares of company stock worth $87,644 in the last 90 days. 0.14% of the stock is currently owned by insiders.

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.