KP Tissue (TSE:KPT) Reaches New 12-Month High – Here’s Why

KP Tissue Inc. (TSE:KPT) hit a new 52-week high on Tuesday . The company traded as high as C$13.36 and last traded at C$13.20, with a volume of 12898 shares changing hands. The stock had previously closed at C$13.14.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KPT. Desjardins boosted their price target on KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a report on Friday, May 15th. TD boosted their price target on KP Tissue from C$11.00 to C$12.00 and gave the company a “hold” rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, KP Tissue has a consensus rating of “Hold” and an average target price of C$11.63.

KP Tissue Stock Performance

The stock has a market capitalization of C$132.87 million, a P/E ratio of 14.72, a P/E/G ratio of -0.88 and a beta of 0.55. The stock has a 50 day moving average of C$11.72 and a 200 day moving average of C$10.95.

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

KP Tissue Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be given 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 is Tuesday, June 30th. KP Tissue’s payout ratio is 80.00%.

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.