A number of research firms have changed their ratings and price targets for KapStone Paper and Packaging Corporation (NYSE: KS):
- 7/24/2017 - KapStone Paper and Packaging Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
- 7/19/2017 - KapStone Paper and Packaging Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $25.00 price target on the stock. According to Zacks, “KAPSTONE PAPER & PACKAGING CORPORATION was formed to effect a business combination with a suitable operating business in the paper, packaging, forest products and related industries. Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is a leading North American producer of kraft paper and inflatable dunnage bags. The Company is the parent corporation of KapStone Kraft Paper Corporation which includes a paper mill in Roanoke Rapids, NC, and RideRite, an inflatable dunnage bag manufacturer in Fordyce, AR. “
- 7/18/2017 - KapStone Paper and Packaging Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $28.00 price target on the stock.
- 7/13/2017 - KapStone Paper and Packaging Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
- 7/12/2017 - KapStone Paper and Packaging Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “KAPSTONE PAPER & PACKAGING CORPORATION was formed to effect a business combination with a suitable operating business in the paper, packaging, forest products and related industries. Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is a leading North American producer of kraft paper and inflatable dunnage bags. The Company is the parent corporation of KapStone Kraft Paper Corporation which includes a paper mill in Roanoke Rapids, NC, and RideRite, an inflatable dunnage bag manufacturer in Fordyce, AR. “
- 7/8/2017 - KapStone Paper and Packaging Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 7/3/2017 - KapStone Paper and Packaging Corporation was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating.
- 6/29/2017 - KapStone Paper and Packaging Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “KAPSTONE PAPER & PACKAGING CORPORATION was formed to effect a business combination with a suitable operating business in the paper, packaging, forest products and related industries. Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is a leading North American producer of kraft paper and inflatable dunnage bags. The Company is the parent corporation of KapStone Kraft Paper Corporation which includes a paper mill in Roanoke Rapids, NC, and RideRite, an inflatable dunnage bag manufacturer in Fordyce, AR. “
- 6/27/2017 - KapStone Paper and Packaging Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
- 6/24/2017 - KapStone Paper and Packaging Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
- 6/8/2017 - KapStone Paper and Packaging Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
KapStone Paper and Packaging Corporation (NYSE KS) traded up 1.34% during midday trading on Tuesday, hitting $22.69. The company had a trading volume of 885,718 shares. KapStone Paper and Packaging Corporation has a 52 week low of $13.27 and a 52 week high of $24.98. The firm’s 50 day moving average is $21.45 and its 200-day moving average is $22.26. The firm has a market capitalization of $2.20 billion, a P/E ratio of 29.51 and a beta of 2.83.
KapStone Paper and Packaging Corporation (NYSE:KS) last released its earnings results on Wednesday, April 26th. The basic materials company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.07. The firm had revenue of $765.80 million during the quarter, compared to the consensus estimate of $770.10 million. KapStone Paper and Packaging Corporation had a net margin of 2.45% and a return on equity of 11.18%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. On average, equities research analysts expect that KapStone Paper and Packaging Corporation will post $1.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Thursday, June 29th were paid a $0.10 dividend. The ex-dividend date was Tuesday, June 27th. This represents a $0.40 dividend on an annualized basis and a yield of 1.79%. KapStone Paper and Packaging Corporation’s dividend payout ratio is presently 51.28%.
In related news, Director Jonathan R. Furer sold 12,484 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $21.23, for a total value of $265,035.32. Following the transaction, the director now owns 1,178,915 shares of the company’s stock, valued at $25,028,365.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David P. Storch bought 5,000 shares of KapStone Paper and Packaging Corporation stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now owns 45,127 shares of the company’s stock, valued at $902,540. The disclosure for this purchase can be found here. 13.30% of the stock is owned by corporate insiders.
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.
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