KP Tissue (TSE:KPT) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• KP Tissue's stock price has recently crossed above its 200-day moving average, trading at C$9.40 after reaching a high of C$9.52 during the day.
• Analysts have revised their target prices for KP Tissue, with National Bankshares and Desjardins both raising their target to C$10.00 and giving the stock a "hold" rating.
• The company announced a quarterly dividend of $0.18 per share, indicating a 7.7% dividend yield, with a payout ratio of 112.73%.

KP Tissue Inc. (TSE:KPT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.58 and traded as high as C$9.52. KP Tissue shares last traded at C$9.40, with a volume of 29,403 shares traded.

Wall Street Analysts Forecast Growth

KPT has been the subject of several analyst reports. National Bankshares raised their target price on KP Tissue from C$9.50 to C$10.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 14th. Desjardins raised their price target on KP Tissue from C$9.50 to C$10.00 and gave the company a "hold" rating in a report on Thursday, August 14th. Finally, TD Securities raised their price target on KP Tissue from C$8.00 to C$9.00 and gave the company a "hold" rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, KP Tissue presently has an average rating of "Hold" and a consensus target price of C$9.38.

KP Tissue Trading Down 0.9%

The stock has a fifty day moving average of C$9.20 and a two-hundred day moving average of C$8.58. The stock has a market capitalization of C$93.95 million, a price-to-earnings ratio of 14.72, a PEG ratio of -0.88 and a beta of 0.37.

KP Tissue Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 7.7%. KP Tissue's dividend payout ratio (DPR) is currently 112.73%.

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.

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