KP Tissue (TSE:KPT) Shares Pass Above 200 Day Moving Average – What’s Next?

KP Tissue Inc. (TSE:KPT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.34 and traded as high as C$10.35. KP Tissue shares last traded at C$10.25, with a volume of 12,365 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KPT shares. CIBC raised their price target on shares of KP Tissue from C$10.50 to C$11.00 in a research note on Friday, November 14th. Desjardins increased their price objective 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, 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. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$10.00.

KP Tissue Price Performance

The stock has a market cap of C$102.23 million, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of -0.88 and a beta of 0.19. The firm’s fifty day moving average price is C$9.56 and its two-hundred day moving average price is C$9.34.

KP Tissue (TSE:KPT) last issued its earnings results on Thursday, November 13th. The company reported C$0.15 EPS for the quarter. On average, equities research analysts anticipate that KP Tissue Inc. will post 0.4398964 earnings per share for the current year.

KP Tissue Company Profile

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.