Japan Tob (OTCMKTS:JAPAY) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Japan Tob (OTCMKTS:JAPAY) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Separately, Barclays restated an “underweight” rating and issued a $17.00 price target on shares of Japan Tob in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.00.

Japan Tob Price Performance

Shares of JAPAY stock opened at $18.02 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.95 and a quick ratio of 1.36. The company has a market capitalization of $63.99 billion, a P/E ratio of 19.80 and a beta of 0.35. The company’s 50-day simple moving average is $18.40 and its two-hundred day simple moving average is $16.98. Japan Tob has a one year low of $11.91 and a one year high of $19.51.

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).