KP Tissue (TSE:KPT) Sets New 1-Year High - Still a Buy?

KP Tissue Inc. (TSE:KPT - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$9.27 and last traded at C$9.27, with a volume of 6359 shares changing hands. The stock had previously closed at C$9.16.

Analyst Ratings Changes

Several equities analysts have recently issued reports on KPT shares. Desjardins lifted their price target on KP Tissue from C$8.50 to C$9.50 and gave the company a "hold" rating in a research note on Thursday, May 22nd. National Bankshares lifted their price target on KP Tissue from C$8.50 to C$9.50 and gave the company a "sector perform" rating in a research note on Thursday, May 22nd. Finally, TD Securities lifted their price target on KP Tissue from C$8.00 to C$9.00 and gave the company a "hold" rating in a research note on Thursday, May 22nd.

KP Tissue Trading Down 0.1%

The company has a 50 day moving average price of C$8.68 and a 200-day moving average price of C$8.25. The company has a market cap of C$92.85 million, a P/E ratio of 14.54, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37.

KP Tissue Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 7.75%. The ex-dividend date of this dividend is Monday, June 30th. KP Tissue's dividend payout ratio (DPR) is 112.73%.

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.