KapStone Paper and Packaging Corporation (KS) Given Coverage Optimism Rating of 0.16

Media headlines about KapStone Paper and Packaging Corporation (NYSE:KS) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. KapStone Paper and Packaging Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.5159540138312 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of KapStone Paper and Packaging Corporation (NYSE KS) opened at 22.85 on Friday. The company’s 50 day moving average is $22.30 and its 200 day moving average is $22.03. The company has a market cap of $2.21 billion, a P/E ratio of 30.11 and a beta of 2.81. KapStone Paper and Packaging Corporation has a one year low of $17.06 and a one year high of $24.98.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The company had revenue of $822.70 million during the quarter, compared to analyst estimates of $831.52 million. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, equities analysts predict that KapStone Paper and Packaging Corporation will post $1.27 earnings per share 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 given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 1.75%. KapStone Paper and Packaging Corporation’s payout ratio is currently 51.95%.

A number of brokerages have recently commented on KS. Zacks Investment Research raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 price objective on shares of KapStone Paper and Packaging Corporation in a research report on Monday, August 21st. Vertical Research raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 3rd. 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. Finally, Citigroup Inc. began coverage on shares of KapStone Paper and Packaging Corporation in a research report on Wednesday, August 16th. They issued a “buy” rating and a $25.00 price objective for the company. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $26.29.

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In related news, VP Randy J. Nebel sold 10,000 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the vice president now owns 47,404 shares in the company, valued at $1,137,696. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.09% of the stock is currently owned by corporate insiders.

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.

Insider Buying and Selling by Quarter for KapStone Paper and Packaging Corporation (NYSE:KS)

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