Brokerages Set KapStone Paper and Packaging Corporation (KS) Target Price at $26.50

KapStone Paper and Packaging Corporation (NYSE:KS) has been given a consensus rating of “Hold” by the fifteen brokerages that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $26.50.

A number of research firms have recently issued reports on KS. ValuEngine upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada restated a “buy” rating and set a $27.00 price objective on shares of KapStone Paper and Packaging Corporation in a research report on Monday, August 21st. Citigroup Inc. began coverage on KapStone Paper and Packaging Corporation in a research report on Wednesday, August 16th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Zacks Investment Research cut KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 29th.

In related news, VP Randy J. Nebel sold 10,000 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the vice president now owns 47,404 shares of the company’s stock, valued at approximately $1,137,696. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.09% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in KapStone Paper and Packaging Corporation by 17.6% in the 2nd 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 in the last quarter. Flinton Capital Management LLC boosted its stake in KapStone Paper and Packaging Corporation by 7.9% in the 1st 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 in the last quarter. Public Employees Retirement System of Ohio boosted its stake in KapStone Paper and Packaging Corporation by 4.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock valued at $123,000 after buying an additional 239 shares in the last quarter. Invictus RG acquired a new stake in KapStone Paper and Packaging Corporation in the 1st quarter valued at $153,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in KapStone Paper and Packaging Corporation in the 1st quarter valued at $172,000. 83.90% of the stock is currently owned by institutional investors and hedge funds.

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Shares of KapStone Paper and Packaging Corporation (NYSE:KS) traded down 1.29% during trading on Friday, reaching $23.04. The company had a trading volume of 1,891,829 shares. KapStone Paper and Packaging Corporation has a 12 month low of $16.91 and a 12 month high of $24.98. The stock has a 50 day moving average price of $22.29 and a 200 day moving average price of $22.01. The firm has a market capitalization of $2.23 billion, a PE ratio of 30.36 and a beta of 2.81.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $822.70 million for the quarter, compared to analysts’ expectations of $831.52 million. KapStone Paper and Packaging Corporation had a return on equity of 11.26% and a net margin of 2.39%. KapStone Paper and Packaging Corporation’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share. On average, equities research analysts forecast that KapStone Paper and Packaging Corporation will post $1.27 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, September 28th. KapStone Paper and Packaging Corporation’s dividend payout ratio is 51.95%.

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)

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