Japan Tob (OTCMKTS:JAPAY – Get Free Report)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $23.26, but opened at $19.25. Japan Tob shares last traded at $19.6035, with a volume of 10,712 shares.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Zacks Research raised Japan Tob from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 29th. BTIG Research assumed coverage on shares of Japan Tob in a research note on Wednesday, July 22nd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.
Read Our Latest Stock Report on JAPAY
Japan Tob Trading Down 17.7%
The company has a quick ratio of 1.45, a current ratio of 2.04 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $22.43 and its two-hundred day moving average is $20.05. The company has a market cap of $69.03 billion, a P/E ratio of 14.19, a PEG ratio of 1.21 and a beta of 0.28.
Japan Tob (OTCMKTS:JAPAY – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $6.37 billion for the quarter, compared to analysts’ expectations of $6.45 billion. As a group, equities research analysts anticipate that Japan Tob will post 1.16 EPS for the current year.
About Japan Tob
Japan Tobacco Inc is a Japan-based company engaged primarily in the manufacture and sale of tobacco products. Its portfolio includes cigarettes, heated tobacco products and other reduced-risk products, marketed under brands such as Winston, Camel, Mevius and LD in various markets.
The company also operates businesses in pharmaceutical products and processed foods. Its pharmaceutical operations focus on prescription medicines, while its food business provides products including frozen foods, seasonings and other processed food items.
Japan Tobacco traces its history to Japan’s former tobacco monopoly and was established in its current corporate form in 1985.
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