KapStone Paper and Packaging (KS) Lifted to “B-” at TheStreet

KapStone Paper and Packaging (NYSE:KS) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Monday, January 8th.

KS has been the topic of a number of other reports. ValuEngine upgraded shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. KeyCorp reiterated a “hold” rating on shares of KapStone Paper and Packaging in a report on Wednesday, October 25th. Stephens started coverage on shares of KapStone Paper and Packaging in a report on Tuesday, October 24th. They set an “overweight” rating and a $28.00 price target on the stock. Zacks Investment Research upgraded shares of KapStone Paper and Packaging from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, BMO Capital Markets cut their price target on shares of KapStone Paper and Packaging from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, October 27th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $26.63.

KapStone Paper and Packaging (NYSE KS) traded up $0.03 on Monday, hitting $25.41. 539,975 shares of the company were exchanged, compared to its average volume of 910,075. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 2.07. KapStone Paper and Packaging has a 52 week low of $19.59 and a 52 week high of $26.47. The stock has a market cap of $2,460.00, a PE ratio of 33.88, a price-to-earnings-growth ratio of 1.23 and a beta of 2.76.

KapStone Paper and Packaging (NYSE:KS) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $868.42 million during the quarter, compared to analysts’ expectations of $839.36 million. KapStone Paper and Packaging had a return on equity of 11.12% and a net margin of 2.29%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. equities research analysts anticipate that KapStone Paper and Packaging will post 1.11 EPS for the current year.

In related news, VP Andrea K. Tarbox sold 32,486 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total transaction of $680,581.70. Following the completion of the sale, the vice president now owns 157,336 shares of the company’s stock, valued at $3,296,189.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Chapman sold 70,765 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $20.80, for a total transaction of $1,471,912.00. Following the sale, the director now directly owns 445,056 shares of the company’s stock, valued at approximately $9,257,164.80. The disclosure for this sale can be found here. 13.09% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of KS. Victory Capital Management Inc. raised its holdings in shares of KapStone Paper and Packaging by 25,123.5% in the third quarter. Victory Capital Management Inc. now owns 1,297,750 shares of the basic materials company’s stock worth $27,888,000 after buying an additional 1,292,605 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of KapStone Paper and Packaging by 51.9% in the third quarter. Point72 Asset Management L.P. now owns 3,360,888 shares of the basic materials company’s stock worth $72,225,000 after buying an additional 1,148,963 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of KapStone Paper and Packaging in the second quarter worth $14,866,000. Emerald Advisers Inc. PA purchased a new position in shares of KapStone Paper and Packaging in the third quarter worth $9,167,000. Finally, Voya Investment Management LLC raised its holdings in shares of KapStone Paper and Packaging by 23.3% in the second quarter. Voya Investment Management LLC now owns 1,855,316 shares of the basic materials company’s stock worth $38,276,000 after buying an additional 351,094 shares during the last quarter. 86.08% of the stock is owned by institutional investors and hedge funds.

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About KapStone Paper and Packaging

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 (NYSE:KS)

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