KP Tissue (TSE:KPT) Price Target Cut to C$9.00 by Analysts at TD Securities

KP Tissue (TSE:KPT) had its price target decreased by investment analysts at TD Securities from C$9.50 to C$9.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 7.14% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on KPT. CIBC cut their price objective on shares of KP Tissue from C$10.00 to C$9.00 in a research note on Monday, March 11th. National Bankshares reduced their price target on shares of KP Tissue from C$9.50 to C$9.00 in a research note on Friday, March 8th.

KP Tissue Stock Down 0.7 %

KPT stock traded down C$0.06 during mid-day trading on Tuesday, reaching C$8.40. The company had a trading volume of 3,038 shares, compared to its average volume of 19,202. KP Tissue has a one year low of C$8.20 and a one year high of C$10.84. The stock’s 50-day simple moving average is C$8.59 and its two-hundred day simple moving average is C$9.06. The stock has a market capitalization of C$83.66 million, a P/E ratio of -16.76, a P/E/G ratio of -0.88 and a beta of 0.35.

KP Tissue (TSE:KPT) last released its quarterly earnings results on Thursday, March 7th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.01). The firm had revenue of C$482.27 million during the quarter, compared to the consensus estimate of C$498.00 million. On average, research analysts forecast that KP Tissue will post 0.4827009 EPS for the current fiscal year.

KP Tissue Company Profile

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.