Japan Tob (OTCMKTS:JAPAY) Sets New 52-Week High – Here’s Why

Japan Tob (OTCMKTS:JAPAY)’s share price reached a new 52-week high on Friday . The stock traded as high as $22.58 and last traded at $22.5072, with a volume of 2140 shares. The stock had previously closed at $22.16.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Zacks Research raised shares of Japan Tob from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. BTIG Research started coverage on shares of Japan Tob in a research report on Wednesday, July 22nd. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.00.

Japan Tob Stock Up 1.4%

The firm has a fifty day simple moving average of $19.42 and a 200-day simple moving average of $19.00. The company has a market capitalization of $79.75 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.49 and a beta of 0.27. 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 quarterly earnings data on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.15 billion. On average, equities research analysts expect that Japan Tob will post 1.09 EPS for the current fiscal 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).