KP Tissue (TSE:KPT) Price Target Lowered to C$10.00 at Royal Bank of Canada

KP Tissue (TSE:KPT – Get Rating) had its price objective lowered by Royal Bank of Canada from C$11.00 to C$10.00 in a research note released on Friday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, National Bankshares raised their target price on KP Tissue from C$10.50 to C$11.00 in a research report on Thursday, February 24th.

Shares of KP Tissue stock opened at C$10.95 on Friday. KP Tissue has a 1 year low of C$10.00 and a 1 year high of C$12.51. The firm has a market cap of C$108.35 million and a PE ratio of 86.90. The stock has a fifty day moving average price of C$11.03 and a 200-day moving average price of C$10.68.

KP Tissue (TSE:KPT – Get Rating) last announced its earnings results on Thursday, March 10th. The company reported C$0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.03 by C$0.32. The business had revenue of C$424.03 million for the quarter, compared to analysts’ expectations of C$385.20 million. As a group, equities analysts forecast that KP Tissue will post 0.5009687 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, June 29th. This represents a $0.72 annualized dividend and a dividend yield of 6.58%. KP Tissue’s payout ratio is 571.43%.

About KP Tissue (Get Rating)

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins, as well as manufactures private label tissue products.

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