KP Tissue (TSE:KPT) Reaches New 1-Year High – Should You Buy?

Shares of KP Tissue Inc. (TSE:KPT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$13.36 and last traded at C$13.20, with a volume of 12898 shares. The stock had previously closed at C$13.14.

Wall Street Analysts Forecast Growth

KPT has been the subject of a number of recent analyst reports. Desjardins boosted their price objective on KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a report on Friday, May 15th. TD lifted their target price on KP Tissue from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$11.62.

KP Tissue Stock Down 0.2%

The company’s 50 day moving average price is C$11.82 and its two-hundred day moving average price is C$10.99. The stock has a market cap of C$132.37 million, a P/E ratio of 14.67, a P/E/G ratio of -0.88 and a beta of 0.55.

KP Tissue (TSE:KPT) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter. As a group, equities research analysts forecast that KP Tissue Inc. will post 0.4398964 earnings per share for the current year.

KP Tissue Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Tuesday, June 30th. KP Tissue’s dividend payout ratio is currently 80.00%.

Insider Buying and Selling at KP Tissue

In other news, Director David A. Spraley sold 3,668 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of C$13.30, for a total transaction of C$48,784.40. Following the transaction, the director owned 15,712 shares of the company’s stock, valued at approximately C$208,969.60. This represents a 18.93% decrease in their position. In the last three months, insiders sold 6,668 shares of company stock valued at $87,644. 0.14% of the stock is currently owned by corporate insiders.

About KP Tissue

KP Tissue Inc operates as a holding company. The firm produces, distributes, markets, and sells a range of disposable tissue products in North America. It offers bathroom and facial tissues, paper towels, paper towels, and napkins, as well as disposable wiping products and washroom dispensing systems.