KP Tissue (TSE:KPT) Price Target Cut to C$9.00 by Analysts at TD Securities

KP Tissue (TSE:KPT) had its price objective trimmed by TD Securities from C$9.50 to C$9.00 in a research report released on Tuesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other research firms also recently weighed in on KPT. CIBC reduced their target price on KP Tissue from C$10.00 to C$9.00 in a research report on Monday, March 11th. National Bankshares reduced their target price on KP Tissue from C$9.50 to C$9.00 in a research report on Friday, March 8th.

KP Tissue Stock Down 1.5 %

Shares of TSE:KPT opened at C$8.33 on Tuesday. The stock’s fifty day simple moving average is C$8.58 and its 200-day simple moving average is C$9.05. KP Tissue has a 52-week low of C$8.20 and a 52-week high of C$10.84. The company has a market capitalization of C$82.97 million, a P/E ratio of -16.66, a P/E/G ratio of -0.88 and a beta of 0.35.

KP Tissue (TSE:KPT) last released its earnings results on Thursday, March 7th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.01). The company had revenue of C$482.27 million during the quarter, compared to analysts’ expectations of C$498.00 million. On average, sell-side analysts anticipate that KP Tissue will post 0.4827009 earnings per share for the current year.

KP Tissue Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.72 annualized dividend and a yield of 8.64%. KP Tissue’s dividend payout ratio is presently -144.00%.

KP Tissue Company Profile

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.