Japan Tob (OTCMKTS:JAPAY) Hits New 52-Week High – Time to Buy?

Japan Tob (OTCMKTS:JAPAY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.6950 and last traded at $20.6950, with a volume of 31592 shares. The stock had previously closed at $20.29.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JAPAY. BTIG Research began coverage on shares of Japan Tob in a research report on Wednesday, July 22nd. They set a “buy” rating for the company. Zacks Research upgraded shares of Japan Tob from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Japan Tob Stock Up 1.8%

The business’s 50 day simple moving average is $19.09 and its 200 day simple moving average is $18.83. The company has a market capitalization of $73.34 billion, a PE ratio of 20.66 and a beta of 0.29. The company has a quick ratio of 1.31, a current ratio of 1.88 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, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.69 billion. As a group, analysts forecast 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).