KP Tissue (TSE:KPT) Sets New 52-Week High – Here’s What Happened

Shares of KP Tissue Inc. (TSE:KPT) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$13.56 and last traded at C$13.49, with a volume of 10970 shares. The stock had previously closed at C$13.31.

Analysts Set New Price Targets

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

KP Tissue Price Performance

The company has a market capitalization of C$134.88 million, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of -0.88 and a beta of 0.55. The firm’s 50-day simple moving average is C$11.95 and its two-hundred day simple moving average is C$11.05.

KP Tissue (TSE:KPT) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter. On average, analysts expect that KP Tissue Inc. will post 0.4398964 EPS for the current fiscal year.

KP Tissue Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.84 annualized dividend and a yield of 6.2%. 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 business’s stock in a transaction dated 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 completion of the sale, the director owned 15,712 shares in the company, valued at approximately C$208,969.60. The trade was a 18.93% decrease in their position. Over the last quarter, insiders sold 6,668 shares of company stock valued at $87,644. Insiders own 0.14% of the company’s stock.

KP Tissue Company Profile

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.