Japan Tob (OTCMKTS:JAPAY) Reaches New 1-Year High - Should You Buy?

Key Points

• Japan Tob shares reached a new 52-week high, trading as high as $22.6250 and last changing hands at $22.20, despite light volume of 437 shares.
• Analyst sentiment remains mixed: the stock has an average rating of “Hold” and a $17.00 average price target, below its current trading level.
• The company beat quarterly expectations, reporting $0.41 in EPS versus the $0.33 consensus and revenue of $6.67 billion versus $6.15 billion expected; a hedge fund also recently acquired a new position.

Japan Tob (OTCMKTS:JAPAY - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $22.6250 and last traded at $22.20, with a volume of 437 shares changing hands. The stock had previously closed at $22.13.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BTIG Research started coverage on Japan Tob in a research report on Wednesday, July 22nd. They set a "buy" rating on the stock. Zacks Research raised Japan Tob from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Japan Tob currently has an average rating of "Hold" and an average target price of $17.00.

Japan Tob Trading Up 0.3%

The firm has a fifty day simple moving average of $19.68 and a 200-day simple moving average of $19.12. The firm has a market cap of $78.79 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.54 and a beta of 0.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.88 and a quick ratio of 1.31.

Japan Tob (OTCMKTS:JAPAY - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.33 by $0.08. The firm 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 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Japan Tob stock. X Square Capital LLC acquired a new stake in Japan Tob (OTCMKTS:JAPAY - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,844 shares of the company's stock, valued at approximately $608,000.

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).

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