KP Tissue (TSE:KPT) Sets New 52-Week High – Still a Buy?

KP Tissue Inc. (TSE:KPT) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$11.86 and last traded at C$11.60, with a volume of 23551 shares changing hands. The stock had previously closed at C$11.75.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KPT. National Bank Financial upped their price objective on shares of KP Tissue from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. TD upped their price objective on shares of KP Tissue from C$11.00 to C$12.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Finally, Desjardins upped their price objective on shares of KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$11.63.

KP Tissue Stock Down 1.3%

The firm has a market cap of C$116.32 million, a PE ratio of 12.89, a P/E/G ratio of -0.88 and a beta of 0.47. The firm’s 50 day moving average is C$11.19 and its 200-day moving average is C$10.61.

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

About KP Tissue

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.