Japan Tob (OTCMKTS:JAPAY) Earns Buy Rating from Analysts at BTIG Research

BTIG Research began coverage on shares of Japan Tob (OTCMKTS:JAPAY) in a research note published on Wednesday morning, MarketBeat.com reports. The firm issued a buy rating on the stock.

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 analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.00.

Japan Tob Price Performance

JAPAY opened at $19.73 on Wednesday. The stock’s 50-day moving average price is $19.09 and its 200 day moving average price is $18.80. Japan Tob has a 12-month low of $14.20 and a 12-month high of $20.68. The firm has a market cap of $70.07 billion, a price-to-earnings ratio of 19.73 and a beta of 0.29. 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. As a group, sell-side analysts expect that Japan Tob will post 1.11 earnings per share 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).