Japan Tob (OTCMKTS:JAPAY) Hits New 1-Year High – What’s Next?

Japan Tob (OTCMKTS:JAPAY)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $20.6950 and last traded at $20.6950, with a volume of 31592 shares trading hands. The stock had previously closed at $20.29.

Analyst Upgrades and Downgrades

JAPAY has been the subject of a number of analyst reports. Zacks Research upgraded Japan Tob from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. BTIG Research initiated coverage on shares of Japan Tob in a report on Wednesday, July 22nd. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Japan Tob currently has an average rating of “Hold” and an average price target of $17.00.

Japan Tob Trading Up 1.8%

The firm has a market capitalization of $73.34 billion, a P/E ratio of 20.66 and a beta of 0.29. The business’s 50 day moving average is $19.09 and its two-hundred day moving average is $18.83. The company has a quick ratio of 1.31, a current ratio of 1.88 and a debt-to-equity ratio of 0.38.

Japan Tob (OTCMKTS:JAPAY) last announced its earnings results on Friday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.69 billion. Analysts expect that Japan Tob will post 1.11 EPS for the current year.

Japan Tob Company Profile

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).