KP Tissue (KPT) Given New C$15.00 Price Target at Desjardins

KP Tissue (TSE:KPT) had its price target reduced by analysts at Desjardins from C$17.50 to C$15.00 in a report issued on Friday, March 9th. Desjardins’ target price would indicate a potential upside of 30.43% from the company’s previous close. Desjardins also issued estimates for KP Tissue’s Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.30 EPS and FY2019 earnings at $1.09 EPS.

A number of other research analysts have also recently commented on KPT. National Bank Financial cut their target price on KP Tissue from C$17.00 to C$15.50 and set a “sector perform” rating on the stock in a research note on Thursday, November 9th. Royal Bank of Canada cut their target price on KP Tissue from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Friday, March 9th. TD Securities dropped their price objective on KP Tissue from C$17.00 to C$15.50 in a research note on Friday, March 9th. Finally, CIBC dropped their price objective on KP Tissue from C$16.00 to C$14.00 in a research note on Friday, March 9th.

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Shares of TSE:KPT traded down C$0.18 during mid-day trading on Friday, reaching C$11.50. The stock had a trading volume of 13,566 shares, compared to its average volume of 10,760. KP Tissue has a 1 year low of C$11.33 and a 1 year high of C$16.34.

KP Tissue (TSE:KPT) last issued its quarterly earnings data on Thursday, March 8th. The company reported C($0.46) earnings per share (EPS) for the quarter.

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KP Tissue Company Profile

KP Tissue Inc is a Canada-based company, created to acquire, and its business is limited to holding, a limited partnership interest in Kruger Products L.P. (KPLP). KPLP is a tissue products supplier, which produces, distributes, markets and sells bathroom and facial tissue, paper towels and napkins, for both the Consumer and the Away-From-Home (AFH) markets.

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