Intertape Polymer Group (TSE:ITP) Director James Pantelidis purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, December 12th. The shares were acquired at an average cost of C$16.59 per share, for a total transaction of C$82,950.00.
Shares of TSE ITP traded up C$0.13 during mid-day trading on Wednesday, hitting C$16.69. The stock had a trading volume of 62,614 shares, compared to its average volume of 165,102. The company has a quick ratio of 1.04, a current ratio of 2.44 and a debt-to-equity ratio of 190.17. Intertape Polymer Group has a 1 year low of C$16.42 and a 1 year high of C$22.84.
Intertape Polymer Group (TSE:ITP) last issued its earnings results on Thursday, November 8th. The company reported C$0.41 EPS for the quarter, topping the consensus estimate of C$0.29 by C$0.12. The firm had revenue of C$364.71 million during the quarter, compared to analysts’ expectations of C$354.82 million. Equities research analysts expect that Intertape Polymer Group will post 1.1599999480495 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Thursday, December 13th. Intertape Polymer Group’s payout ratio is 55.39%.
Several research analysts have commented on the stock. TD Securities reissued a “buy” rating and set a C$23.00 price target on shares of Intertape Polymer Group in a research note on Monday, December 3rd. National Bank Financial reissued an “outperform” rating and set a C$23.00 price target on shares of Intertape Polymer Group in a research note on Monday, December 3rd. Finally, Royal Bank of Canada lifted their price target on shares of Intertape Polymer Group from C$18.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$21.67.
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Intertape Polymer Group Company Profile
Intertape Polymer Group Inc, together with its subsidiaries, operates in the packaging industry in Canada, the United States, and internationally. It develops, manufactures, and sells various paper and film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, woven coated fabrics, and complementary packaging systems for industrial and retail use.
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