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

KP Tissue Inc. (TSE:KPT)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$12.42 and last traded at C$12.29, with a volume of 21003 shares traded. The stock had previously closed at C$12.19.

Analyst Upgrades and Downgrades

KPT has been the topic of a number of recent research reports. TD upped their price objective on KP Tissue from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Desjardins upped their price objective on KP Tissue from C$12.00 to C$12.50 and gave the stock a “hold” rating in a research report on Friday, May 15th. Finally, National Bank Financial upped their price objective on KP Tissue from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, KP Tissue has an average rating of “Hold” and an average target price of C$11.63.

KP Tissue Price Performance

The business’s 50 day moving average is C$11.33 and its 200 day moving average is C$10.73. The stock 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.

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