Japan Tob (OTCMKTS:JAPAY) Hits New 1-Year High – Here’s Why

Shares of Japan Tob (OTCMKTS:JAPAY – Get Free Report) reached a new 52-week high during mid-day trading on Saturday. The company traded as high as $24.26 and last traded at $23.98, with a volume of 502,031 shares. The stock had previously closed at $24.00.

Analyst Ratings Changes

Separately, BTIG Research started coverage on Japan Tob in a report on Wednesday, July 22nd. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.00.

Check Out Our Latest Stock Analysis on JAPAY

Japan Tob Price Performance

The company has a market cap of $85.15 billion, a P/E ratio of 17.50, a PEG ratio of 1.59 and a beta of 0.28. The company has a fifty day moving average price of $22.18 and a two-hundred day moving average price of $20.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.45 and a current ratio of 2.04.

Japan Tob (OTCMKTS:JAPAY – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.08. The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.15 billion. On average, sell-side analysts anticipate that Japan Tob will post 1.13 earnings per share for the current fiscal year.

Japan Tob Company Profile

(Get Free Report)

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.

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