Japan Tob (OTCMKTS:JAPAY) Reaches New 1-Year High – Should You Buy?

Japan Tob (OTCMKTS:JAPAYGet Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $22.6250 and last traded at $22.20, with a volume of 437 shares traded. The stock had previously closed at $22.13.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JAPAY. BTIG Research initiated coverage on Japan Tob in a research note on Wednesday, July 22nd. They set a “buy” rating for the company. Zacks Research raised Japan Tob from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Japan Tob presently has an average rating of “Hold” and an average price target of $17.00.

Check Out Our Latest Report on Japan Tob

Japan Tob Price Performance

The business’s 50-day simple moving average is $19.68 and its two-hundred day simple moving average is $19.12. The stock has a market cap of $78.79 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.54 and a beta of 0.27. The company has a quick ratio of 1.31, a current ratio of 1.88 and a debt-to-equity ratio of 0.38.

Japan Tob (OTCMKTS:JAPAYGet Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.15 billion. Sell-side analysts expect that Japan Tob will post 1.09 EPS for the current year.

Institutional Trading of Japan Tob

An institutional investor recently bought a new stake in Japan Tob stock. X Square Capital LLC bought a new position in Japan Tob (OTCMKTS:JAPAYFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,844 shares of the company’s stock, valued at approximately $608,000.

About Japan Tob

(Get Free Report)

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).

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