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KP Tissue ( (TSE:KPT) ) has provided an update.
KP Tissue Inc. announced that Kruger Products Inc. has successfully closed a CDN $165 million offering of senior unsecured notes due in 2032. The proceeds from this offering will be used to repay existing borrowings and for general corporate purposes. Additionally, KPI’s syndicated credit agreement has been amended to increase its facility amount and add Kruger Products SB Inc. as a restricted credit party, which could enhance the company’s financial flexibility and operational capacity.
The most recent analyst rating on (TSE:KPT) stock is a Hold with a C$11.00 price target. To see the full list of analyst forecasts on KP Tissue stock, see the TSE:KPT Stock Forecast page.
Spark’s Take on TSE:KPT Stock
According to Spark, TipRanks’ AI Analyst, TSE:KPT is a Neutral.
KP Tissue’s overall stock score reflects a mix of strengths and challenges. The strong balance sheet and positive earnings call outlook are significant positives, enhancing stability and growth potential. However, profitability issues, high P/E ratio, and mixed technical indicators present cautionary elements. The attractive dividend yield provides some valuation support, but overall, the stock’s performance hinges on continued operational improvements and strategic execution amid external challenges.
To see Spark’s full report on TSE:KPT stock, click here.
More about KP Tissue
Kruger Products Inc. (KPI) is Canada’s leading manufacturer of quality tissue products for household, industrial, and commercial use. It serves the Canadian consumer market with brands such as Cashmere, Purex, SpongeTowels, Scotties, White Swan, and Bonterra, and in the U.S., it manufactures the White Cloud brand and various private label products. The company operates ten production facilities in North America and employs approximately 3,000 people.
Average Trading Volume: 18,368
Technical Sentiment Signal: Buy
Current Market Cap: C$104.7M
Find detailed analytics on KPT stock on TipRanks’ Stock Analysis page.