KapStone Paper and Packaging Corporation (KS) Now Covered by Analysts at Citigroup Inc.

Stock analysts at Citigroup Inc. assumed coverage on shares of KapStone Paper and Packaging Corporation (NYSE:KS) in a note issued to investors on Wednesday. The firm set a “buy” rating on the basic materials company’s stock.

Several other analysts have also recently weighed in on the company. Deutsche Bank AG boosted their price target on KapStone Paper and Packaging Corporation from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Zacks Investment Research upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, July 19th. Vertical Research upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 3rd. BidaskClub cut KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $28.00 target price on shares of KapStone Paper and Packaging Corporation in a report on Tuesday, July 18th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. KapStone Paper and Packaging Corporation currently has an average rating of “Hold” and a consensus target price of $26.33.

Shares of KapStone Paper and Packaging Corporation (KS) opened at 21.89 on Wednesday. KapStone Paper and Packaging Corporation has a 12-month low of $14.56 and a 12-month high of $24.98. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 28.84 and a beta of 2.84. The stock has a 50 day moving average of $22.11 and a 200 day moving average of $22.22.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. KapStone Paper and Packaging Corporation had a return on equity of 11.26% and a net margin of 2.39%. The company had revenue of $822.70 million during the quarter, compared to the consensus estimate of $831.52 million. During the same quarter last year, the firm earned $0.27 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts expect that KapStone Paper and Packaging Corporation will post $1.26 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://sportsperspectives.com/2017/08/16/kapstone-paper-and-packaging-corporation-ks-now-covered-by-analysts-at-citigroup-inc.html.

In related news, VP Randy J. Nebel sold 10,000 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the vice president now owns 47,404 shares in the company, valued at $1,137,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David P. Storch purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were bought at an average price of $20.00 per share, with a total value of $100,000.00. Following the acquisition, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $902,540. The disclosure for this purchase can be found here. Corporate insiders own 13.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. Flinton Capital Management LLC increased its position in KapStone Paper and Packaging Corporation by 7.9% in the first quarter. Flinton Capital Management LLC now owns 5,100 shares of the basic materials company’s stock valued at $118,000 after buying an additional 374 shares during the last quarter. Victory Capital Management Inc. increased its position in KapStone Paper and Packaging Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock valued at $106,000 after buying an additional 771 shares during the last quarter. Invictus RG purchased a new position in KapStone Paper and Packaging Corporation during the first quarter valued at $153,000. Ameritas Investment Partners Inc. purchased a new position in KapStone Paper and Packaging Corporation during the first quarter valued at $172,000. Finally, Riverhead Capital Management LLC increased its position in KapStone Paper and Packaging Corporation by 77.3% in the second quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock valued at $183,000 after buying an additional 3,864 shares during the last quarter. Institutional investors and hedge funds own 81.16% of the company’s stock.

KapStone Paper and Packaging Corporation Company Profile

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)

Receive News & Ratings for KapStone Paper and Packaging Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KapStone Paper and Packaging Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply