TSE:ITPIntertape Polymer Group Stock Price, Forecast & News

C$12.35

-0.05 (-0.40 %)

(As of 06/3/2020 06:00 AM ET)

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Today's Range

C$12.31

Now: C$12.35▼

C$12.66

50-Day Range

C$10.58

MA: C$12.32▼

C$13.66

52-Week Range

C$7.02

Now: C$12.35▼

C$19.34

Volume179,342 shs

Average Volume267,310 shs

Market CapitalizationC$728.77 million

P/E Ratio16.25

Dividend Yield6.70%

BetaN/A

Intertape Polymer Group Inc., together with its subsidiaries, operates in the packaging industry in Canada, the United States, and internationally. It develops, manufactures, and sells various paper-and-film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, protective packaging and engineered coated products, and complementary packaging systems for industrial and retail use. The company offers taping solutions comprise hot melt carton sealing, double-coated, filament and monoaxially-oriented polypropylene, foil, flat back, duct, electronic/electrical, natural rubber carton sealing, masking, polyethylene, water-activated, and acrylic carton sealing tapes. It also provides flexible intermediate bulk containers; membrane structure and geomembrane fabrics; stretch and shrink films; tape dispensers; fabrics; stencils; house wraps/flashings; retail and specialty products; lumber wraps; carton sealing machines; and roof underlayment. It provides market solutions to the aerospace, automotive, and industrial, as well as building and construction applications. In addition, the company engages in financing business. It sells its products to a range of industry/specialty distributors, retail stores, and end-users in various industries. Intertape Polymer Group Inc. was founded in 1981 and is based in Montreal, Canada.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Intertape Polymer Group has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$16.71, Intertape Polymer Group has a potential upside of 35.3% from its current price of C$12.35.
Amount of Analyst Coverage
Intertape Polymer Group has only been the subject of 3 research reports in the past 90 days.

3.3 Community Rank

Outperform Votes
Intertape Polymer Group has received 309 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Intertape Polymer Group has received 161 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Intertape Polymer Group has received 65.74% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Intertape Polymer Group and other stocks. Vote “Outperform” if you believe ITP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ITP will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Intertape Polymer Group is a leading dividend payer. It pays a dividend yield of 6.70%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Intertape Polymer Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Intertape Polymer Group is 76.64 %. Payout ratios above 75% are not desirable because they may not be sustainable.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Intertape Polymer Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$26,995.00 in company stock and sold C$0.00 in company stock.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Intertape Polymer Group are expected to decrease by -100.00% in the coming year, from C$1.05 to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Intertape Polymer Group is 16.25, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of Intertape Polymer Group is 16.25, which means that it is trading at a more expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 13.83.
Price to Earnings Growth Ratio
Intertape Polymer Group has a PEG Ratio of 2.25. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Intertape Polymer Group has a P/B Ratio of 2.94. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.27 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry Packaging & Containers

Sub-IndustryN/A

SectorConsumer Cyclical

Current SymbolTSE:ITP

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.itape.com

Phone+1-514-7317591

Debt

Debt-to-Equity Ratio231.15

Current Ratio2.47

Quick Ratio1.04

Price-To-Earnings

Trailing P/E Ratio16.25

Forward P/E Ratio11.76

P/E Growth2.25

Sales & Book Value

Annual SalesC$1.16 billion

Price / Sales0.63

Cash FlowC$0.34 per share

Price / Cash Flow36.32

Book ValueC$4.21 per share

Price / Book2.94

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

EmployeesN/A

Outstanding Shares59,010,000

Market CapC$728.77 million

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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Intertape Polymer Group (TSE:ITP) Frequently Asked Questions

How has Intertape Polymer Group's stock been impacted by COVID-19 (Coronavirus)?

Intertape Polymer Group's stock was trading at C$11.71 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ITP stock has increased by 5.5% and is now trading at C$12.35. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Intertape Polymer Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intertape Polymer Group in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Intertape Polymer Group.

When is Intertape Polymer Group's next earnings date?

Intertape Polymer Group is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Intertape Polymer Group.

How were Intertape Polymer Group's earnings last quarter?

Intertape Polymer Group (TSE:ITP) announced its quarterly earnings data on Friday, March, 13th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $384.73 million for the quarter, compared to analyst estimates of $385.11 million. View Intertape Polymer Group's earnings history.

How often does Intertape Polymer Group pay dividends? What is the dividend yield for Intertape Polymer Group?

Intertape Polymer Group announced a quarterly dividend on Tuesday, May 12th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.206 per share on Tuesday, June 30th. This represents a $0.82 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Friday, June 12th. This is a positive change from Intertape Polymer Group's previous quarterly dividend of C$0.20. View Intertape Polymer Group's dividend history.

What price target have analysts set for ITP?

4 equities research analysts have issued twelve-month target prices for Intertape Polymer Group's stock. Their forecasts range from C$11.00 to C$23.00. On average, they expect Intertape Polymer Group's share price to reach C$16.71 in the next twelve months. This suggests a possible upside of 35.3% from the stock's current price. View analysts' price targets for Intertape Polymer Group.

Has Intertape Polymer Group been receiving favorable news coverage?

News articles about ITP stock have been trending somewhat negative on Wednesday, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Intertape Polymer Group earned a news impact score of -1.6 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutIntertape Polymer Group.

Who are some of Intertape Polymer Group's key competitors?

Some companies that are related to Intertape Polymer Group include Winpak (WPK), Pact Group (PGH), Richards Packaging Income Fund (RPI.UN), CCL Industries (CCL.A), IPL Plastics (IPLP), Macfarlane Group (MACF), Pro-Pac Packaging (PPG), Imaflex (IFX), RM2 International (RM2), Symphony Environmental Technologies (SYM), Secos Group (SES), Robinson (RBN), Coral Products (CRU), CCL Industries (CCDBF) and CCL Industries (WIPKF). View all competitors.

What other stocks do shareholders of Intertape Polymer Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Intertape Polymer Group investors own include Inter Pipeline (IPL), Alimentation Couche-Tard (ATD.B), TELUS (T), BCE (BCE), Brookfield Infrastructure Partners (BIP.UN), Canadian National Railway (CNR), Pembina Pipeline (PPL), Royal Bank of Canada (RY), Visa (V) and Chemtrade Logistics Income Fund (CHE.UN).

Who are Intertape Polymer Group's key executives?

Intertape Polymer Group's management team includes the following people:

Mr. Gregory A. C. Yull, CEO, Pres & Non-Independent Director (Age 52)
Mr. Melbourne F. Yull, Founder & Director (Age 78)
Mr. Jeffrey Crystal C.A., CPA, CPA, CA, Chief Financial Officer
Mr. Douglas R. Nalette, Sr. VP of Operations
Mr. Shawn Nelson, Sr. VP of Sales

What is Intertape Polymer Group's stock symbol?

Intertape Polymer Group trades on the Toronto Stock Exchange (TSX) under the ticker symbol "ITP."

How do I buy shares of Intertape Polymer Group?

Shares of ITP and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Intertape Polymer Group's stock price today?

One share of ITP stock can currently be purchased for approximately C$12.35.

How big of a company is Intertape Polymer Group?

Intertape Polymer Group has a market capitalization of C$728.77 million and generates C$1.16 billion in revenue each year.

What is Intertape Polymer Group's official website?

The official website for Intertape Polymer Group is www.itape.com.

How can I contact Intertape Polymer Group?

Intertape Polymer Group's mailing address is 9999 Cavendish Blvd Suite 200, SAINT-LAURENT, QC H4M 2X5, Canada. The company can be reached via phone at +1-514-7317591.

This page was last updated on 6/3/2020 by MarketBeat.com Staff