BTIG Research Begins Coverage on Japan Tob (OTCMKTS:JAPAY)

Research analysts at BTIG Research began coverage on shares of Japan Tob (OTCMKTS:JAPAY) in a report issued on Wednesday, Marketbeat.com reports. The firm set a “buy” rating on the stock.

Separately, Zacks Research upgraded shares of Japan Tob from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.00.

Japan Tob Trading Down 2.2%

Shares of OTCMKTS JAPAY opened at $19.31 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.88 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $19.09 and a two-hundred day simple moving average of $18.79. The firm has a market cap of $68.57 billion, a PE ratio of 19.31 and a beta of 0.29. Japan Tob has a twelve month low of $14.20 and a twelve month high of $20.68.

Japan Tob (OTCMKTS:JAPAY) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.69 billion. Analysts expect that Japan Tob will post 1.11 earnings per share for the current fiscal year.

Japan Tob Company Profile

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed‑food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).