Japan Tob (OTCMKTS:JAPAY) Reaches New 52-Week High – Should You Buy?

Japan Tob (OTCMKTS:JAPAY) shares reached a new 52-week high on Thursday. The company traded as high as $23.84 and last traded at $23.84, with a volume of 875 shares traded. The stock had previously closed at $23.09.

Analysts Set New Price Targets

Separately, BTIG Research started coverage on Japan Tob in a research note on Wednesday, July 22nd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.00.

Japan Tob Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.45 and a current ratio of 2.04. The company’s fifty day simple moving average is $21.97 and its two-hundred day simple moving average is $20.15. The stock has a market capitalization of $84.27 billion, a PE ratio of 17.32, a P/E/G ratio of 1.53 and a beta of 0.28.

Japan Tob (OTCMKTS:JAPAY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.08. The business had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.15 billion. As a group, sell-side analysts predict that Japan Tob will post 1.13 EPS for the current year.

About Japan Tob

Japan Tobacco Inc is a Japan-based company engaged primarily in the manufacture and sale of tobacco products. Its portfolio includes combustible cigarettes, heated tobacco products and other reduced-risk nicotine products marketed under brands such as Winston, MEVIUS, Camel and Ploom. The company serves consumers in Japan and international markets through its tobacco business.

In addition to tobacco, Japan Tobacco operates businesses in pharmaceuticals and processed foods. Its pharmaceutical activities focus on prescription medicines, while its food operations include products such as frozen foods, seasonings and processed food ingredients.