KP Tissue (TSE:KPT) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• KP Tissue Inc. shares surpassed their two hundred day moving average, trading at C$9.60 compared to an average of C$8.70 during recent trading sessions.
• Several analysts have upgraded their price targets for KP Tissue, with TD Securities raising it from C$8.00 to C$9.00, and National Bankshares and Desjardins both increasing theirs to C$10.00.
• The company announced a quarterly dividend of $0.18, resulting in an annualized yield of 7.5%, while its current dividend payout ratio stands at 163.64%.

Shares of KP Tissue Inc. (TSE:KPT - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.70 and traded as high as C$9.60. KP Tissue shares last traded at C$9.60, with a volume of 6,615 shares.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KPT. Desjardins lifted their price objective on KP Tissue from C$9.50 to C$10.00 and gave the stock a "hold" rating in a report on Thursday, August 14th. TD Securities raised their target price on shares of KP Tissue from C$8.00 to C$9.00 and gave the stock a "hold" rating in a research note on Thursday, May 22nd. Finally, National Bankshares raised their target price on shares of KP Tissue from C$9.50 to C$10.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$9.38.

KP Tissue Stock Performance

The stock has a market cap of C$95.01 million, a PE ratio of 21.59, a price-to-earnings-growth ratio of -0.88 and a beta of 0.19. The company's 50-day moving average price is C$9.27 and its 200 day moving average price is C$8.73.

KP Tissue Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 7.6%. KP Tissue's payout ratio is presently 163.64%.

About KP Tissue

KP Tissue Inc operates as a holding company. The firm produces, distributes, markets, and sells a range of disposable tissue products in North America. It offers bathroom and facial tissues, paper towels, paper towels, and napkins, as well as disposable wiping products and washroom dispensing systems.