Japan Tob (OTCMKTS:JAPAY) Coverage Initiated at BTIG Research

Equities researchers at BTIG Research initiated coverage on shares of Japan Tob (OTCMKTS:JAPAY) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating on the stock.

Separately, Zacks Research upgraded Japan Tob from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.00.

Japan Tob Stock Up 0.5%

JAPAY stock opened at $19.66 on Wednesday. Japan Tob has a 52 week low of $14.20 and a 52 week high of $20.68. The firm has a 50 day moving average of $19.10 and a 200 day moving average of $18.77. The company has a quick ratio of 1.31, a current ratio of 1.88 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $69.81 billion, a PE ratio of 19.66 and a beta of 0.29.

Japan Tob (OTCMKTS:JAPAY) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.69 billion. Sell-side analysts forecast that Japan Tob will post 1.11 earnings per share for the current year.

About Japan Tob

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed?food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).