KP Tissue (TSE:KPT) Sets New 12-Month High – Should You Buy?

KP Tissue Inc. (TSE:KPT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$12.42 and last traded at C$12.29, with a volume of 21003 shares trading hands. The stock had previously closed at C$12.19.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. 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. 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. Finally, 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. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$11.63.

KP Tissue Price Performance

The company has a market cap of C$123.24 million, a price-to-earnings ratio of 13.66, a P/E/G ratio of -0.88 and a beta of 0.47. The firm’s 50 day simple moving average is C$11.33 and its 200-day simple moving average is C$10.73.

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