BMO Capital Markets Reiterates “Buy” Rating for KapStone Paper and Packaging Corporation (NYSE:KS)

KapStone Paper and Packaging Corporation (NYSE:KS)‘s stock had its “buy” rating reiterated by investment analysts at BMO Capital Markets in a report released on Tuesday. They presently have a $28.00 price target on the basic materials company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 25.84% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Barclays PLC dropped their price target on shares of KapStone Paper and Packaging Corporation from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, May 1st. ValuEngine downgraded shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. BidaskClub downgraded shares of KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Vertical Research downgraded shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of KapStone Paper and Packaging Corporation in a research report on Friday, April 28th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.83.

Shares of KapStone Paper and Packaging Corporation (NYSE KS) opened at 22.25 on Tuesday. KapStone Paper and Packaging Corporation has a one year low of $13.27 and a one year high of $24.98. The company has a market cap of $2.15 billion, a PE ratio of 28.93 and a beta of 2.83. The firm’s 50-day moving average is $21.05 and its 200-day moving average is $22.30.

KapStone Paper and Packaging Corporation (NYSE:KS) last issued its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The business had revenue of $765.80 million for the quarter, compared to analysts’ expectations of $770.10 million. KapStone Paper and Packaging Corporation had a return on equity of 11.18% and a net margin of 2.45%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. On average, equities analysts anticipate that KapStone Paper and Packaging Corporation will post $1.32 EPS for the current year.

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In related news, Director David P. Storch purchased 5,000 shares of KapStone Paper and Packaging Corporation stock in a transaction on Thursday, May 18th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director now owns 45,127 shares in the company, valued at approximately $902,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan R. Furer sold 12,484 shares of KapStone Paper and Packaging Corporation stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $21.23, for a total transaction of $265,035.32. Following the completion of the sale, the director now owns 1,178,915 shares in the company, valued at $25,028,365.45. The disclosure for this sale can be found here. Insiders own 13.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Federated Investors Inc. PA increased its stake in shares of KapStone Paper and Packaging Corporation by 25,438.2% in the fourth quarter. Federated Investors Inc. PA now owns 28,092 shares of the basic materials company’s stock worth $619,000 after buying an additional 27,982 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of KapStone Paper and Packaging Corporation by 19.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 30,400 shares of the basic materials company’s stock worth $670,000 after buying an additional 5,000 shares in the last quarter. Norges Bank bought a new stake in shares of KapStone Paper and Packaging Corporation during the fourth quarter worth about $25,933,000. Teachers Advisors LLC increased its stake in shares of KapStone Paper and Packaging Corporation by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 147,941 shares of the basic materials company’s stock worth $3,262,000 after buying an additional 6,172 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of KapStone Paper and Packaging Corporation by 14.4% in the first quarter. Bank of Montreal Can now owns 31,793 shares of the basic materials company’s stock worth $734,000 after buying an additional 4,007 shares in the last quarter. Institutional investors own 82.85% of the company’s stock.

About KapStone Paper and Packaging Corporation

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

Analyst Recommendations for KapStone Paper and Packaging Corporation (NYSE:KS)

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