Japan Tob (OTCMKTS:JAPAY) Reaches New 12-Month High – Still a Buy?

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

Wall Street Analyst Weigh In

JAPAY has been the topic of several recent research reports. BTIG Research assumed coverage on Japan Tob in a research report on Wednesday, July 22nd. They issued a “buy” rating on the stock. Zacks Research upgraded shares of Japan Tob from a “strong sell” rating to a “hold” rating in a research note 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.00.

Japan Tob Stock Up 5.6%

The business has a fifty day simple moving average of $19.15 and a 200 day simple moving average of $18.87. The firm has a market cap of $77.48 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 1.43 and a beta of 0.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.88 and a quick ratio of 1.31.

Japan Tob (OTCMKTS:JAPAY) last released its earnings results on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.13 billion. As a group, equities analysts forecast that Japan Tob will post 1.09 EPS for the current fiscal 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).