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

KP Tissue (TSE:KPT) had its target price reduced by TD Securities from C$9.50 to C$9.00 in a research note released on Tuesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research firms also recently issued reports on KPT. National Bankshares dropped their price objective on shares of KP Tissue from C$9.50 to C$9.00 in a report on Friday, March 8th. CIBC dropped their price objective on shares of KP Tissue from C$10.00 to C$9.00 in a report on Monday, March 11th.

KP Tissue Stock Up 0.4 %

Shares of KPT stock opened at C$8.30 on Tuesday. The company has a 50 day moving average price of C$8.55 and a 200-day moving average price of C$9.03. KP Tissue has a 52 week low of C$8.20 and a 52 week high of C$10.84. The firm has a market capitalization of C$82.67 million, a PE ratio of -16.60, a P/E/G ratio of -0.88 and a beta of 0.35.

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

KP Tissue Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 8.67%. The ex-dividend date was Thursday, March 28th. KP Tissue’s dividend payout ratio is currently -144.00%.

About KP Tissue

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.