KP Tissue (TSE:KPT) Reaches New 52-Week High – What’s Next?

KP Tissue Inc. (TSE:KPT)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$10.46 and last traded at C$10.44, with a volume of 14181 shares changing hands. The stock had previously closed at C$10.25.

Analyst Upgrades and Downgrades

KPT has been the subject of a number of recent analyst reports. CIBC upped their price objective on KP Tissue from C$10.50 to C$11.00 in a research note on Friday, November 14th. National Bankshares upped their price target on KP Tissue from C$9.50 to C$10.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 14th. Finally, Desjardins lifted their price objective on shares of KP Tissue from C$9.50 to C$10.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$10.00.

KP Tissue Price Performance

The firm has a market cap of C$104.13 million, a P/E ratio of 26.77, a price-to-earnings-growth ratio of -0.88 and a beta of 0.19. The company’s 50-day simple moving average is C$9.56 and its 200 day simple moving average is C$9.34.

KP Tissue (TSE:KPT) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.15 EPS for the quarter. Analysts anticipate that KP Tissue Inc. will post 0.4398964 EPS for the current fiscal year.

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.