Analysts Set $31.25 Price Target for Orchids Paper Products Company (TIS)
Orchids Paper Products Company (NYSE:TIS) has been given an average broker rating score of 1.75 (Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company.
Brokers have set a 12-month consensus price objective of $31.25 for the company and are anticipating that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also given Orchids Paper Products Company an industry rank of 42 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded Orchids Paper Products Company from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd.
Orchids Paper Products Company (NYSE:TIS) traded up 0.4348% during mid-day trading on Friday, reaching $27.1877. The company had a trading volume of 9,848 shares. Orchids Paper Products Company has a 12 month low of $24.65 and a 12 month high of $36.31. The firm’s 50-day moving average price is $27.77 and its 200-day moving average price is $30.50. The stock has a market cap of $279.92 million and a PE ratio of 17.1423.
Orchids Paper Products Company (NYSE:TIS) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.09. The business earned $39.40 million during the quarter, compared to analysts’ expectations of $47.11 million. The business’s quarterly revenue was down 6.9% on a year-over-year basis. Equities research analysts forecast that Orchids Paper Products Company will post $1.37 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Advisors LLC increased its position in Orchids Paper Products Company by 0.4% in the second quarter. BlackRock Advisors LLC now owns 4,555 shares of the company’s stock worth $162,000 after buying an additional 20 shares during the period. Bridgeway Capital Management Inc. increased its position in Orchids Paper Products Company by 0.5% in the second quarter. Bridgeway Capital Management Inc. now owns 20,461 shares of the company’s stock worth $728,000 after buying an additional 100 shares during the period. Wealthsource Partners LLC increased its position in Orchids Paper Products Company by 11.7% in the second quarter. Wealthsource Partners LLC now owns 15,794 shares of the company’s stock worth $562,000 after buying an additional 1,657 shares during the period. Ranger Investment Management L.P. increased its position in Orchids Paper Products Company by 4.2% in the second quarter. Ranger Investment Management L.P. now owns 50,770 shares of the company’s stock worth $1,806,000 after buying an additional 2,050 shares during the period. Finally, Commonwealth Equity Services Inc increased its position in Orchids Paper Products Company by 24.9% in the second quarter. Commonwealth Equity Services Inc now owns 16,846 shares of the company’s stock worth $599,000 after buying an additional 3,355 shares during the period.
Orchids Paper Products Company Company Profile
Orchids Paper Products Company is a supplier of consumer tissue products. The Company produces bulk tissue paper, known as parent rolls, and converts parent rolls into finished products, including paper towels, bathroom tissue and paper napkins. The Company offers customers an array of private label products across the value, premium and ultra-premium market segments.
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