Japan Tob (OTCMKTS:JAPAY) Raised to “Strong-Buy” at Zacks Research

Japan Tob (OTCMKTS:JAPAY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Separately, BTIG Research initiated coverage on shares of Japan Tob in a research note on Wednesday, July 22nd. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Japan Tob has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Japan Tob Trading Down 0.0%

Shares of OTCMKTS JAPAY opened at $22.94 on Thursday. The company has a quick ratio of 1.45, a current ratio of 2.04 and a debt-to-equity ratio of 0.35. Japan Tob has a 12 month low of $16.74 and a 12 month high of $24.54. The company has a market cap of $81.45 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 1.48 and a beta of 0.28. The business has a fifty day simple moving average of $22.33 and a 200-day simple moving average of $19.97.

Japan Tob (OTCMKTS:JAPAY) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The company had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Sell-side analysts predict that Japan Tob will post 1.16 EPS for the current year.

About Japan Tob

Japan Tobacco Inc is a Japan-based company engaged primarily in the manufacture and sale of tobacco products. Its portfolio includes cigarettes, heated tobacco products and other reduced-risk products, marketed under brands such as Winston, Camel, Mevius and LD in various markets.

The company also operates businesses in pharmaceutical products and processed foods. Its pharmaceutical operations focus on prescription medicines, while its food business provides products including frozen foods, seasonings and other processed food items.

Japan Tobacco traces its history to Japan’s former tobacco monopoly and was established in its current corporate form in 1985.