KP Tissue (TSE:KPT) Reaches New 1-Year High – Still a Buy?

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

Wall Street Analysts Forecast Growth

KPT has been the subject of several research reports. Desjardins increased their target price on KP Tissue from C$12.00 to C$12.50 and gave the stock a “hold” rating in a research report on Friday, May 15th. TD lifted their price target on shares of KP Tissue from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$11.62.

KP Tissue Stock Performance

The company has a market cap of C$134.88 million, a P/E ratio of 14.94, a price-to-earnings-growth ratio of -0.88 and a beta of 0.55. The business’s fifty day moving average is C$11.95 and its two-hundred day moving average is C$11.05.

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

KP Tissue Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 6.2%. The ex-dividend date is Tuesday, June 30th. KP Tissue’s dividend payout ratio (DPR) is currently 80.00%.

Insider Activity at KP Tissue

In other KP Tissue news, Director David A. Spraley sold 3,668 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of C$13.30, for a total transaction of C$48,784.40. Following the transaction, the director directly owned 15,712 shares of the company’s stock, valued at C$208,969.60. This trade represents a 18.93% decrease in their ownership of the stock. Insiders sold 6,668 shares of company stock valued at $87,644 in the last three months. 0.14% of the stock is 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.