Japan Tob (OTCMKTS:JAPAY) Shares Gap Up – Here’s Why

Japan Tob (OTCMKTS:JAPAY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $18.41, but opened at $19.47. Japan Tob shares last traded at $19.47, with a volume of 801 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Japan Tob from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $17.00.

Japan Tob Stock Up 3.0%

The business has a fifty day moving average of $18.90 and a 200 day moving average of $18.71. The company has a market capitalization of $67.03 billion, a PE ratio of 18.88 and a beta of 0.28. The company has a current ratio of 1.88, a quick ratio of 1.31 and a debt-to-equity ratio of 0.38.

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