Zacks Investment Research upgraded shares of KapStone Paper and Packaging (NYSE:KS) from a sell rating to a hold rating in a research report report published on Wednesday, January 10th.
According to Zacks, “KapStone Paper and Packaging Corporation operate businesses in the paper, packaging, forest products and related industries. KapStone is a leading North American producer of unbleached Kraft paper and corrugated packaging products. KapStone’s paper mills produce a wide spectrum of kraft and recycled products ranging from containerboard, including liner and medium, to kraft papers, saturating kraft and folding carton board. The mill’s product portfolio contains several branded products including Kraftpak, DuraSorb, TEA-Kraft and FibreShield as well as a focus on extensible kraft paper grades and on high-performance, lightweight linerboard. KapStone’s corrugated packaging business offers an array of fully equipped corrugator Box Plants, Sheet Plants and Sheet Feeders providing industrial and retail corrugated packaging solutions for any customer, regardless of size or demands. “
A number of other research firms also recently weighed in on KS. Stephens assumed coverage on KapStone Paper and Packaging in a research report on Tuesday, October 24th. They issued an overweight rating and a $28.00 target price for the company. ValuEngine upgraded KapStone Paper and Packaging from a hold rating to a buy rating in a research report on Sunday, December 31st. KeyCorp reiterated a hold rating on shares of KapStone Paper and Packaging in a research report on Wednesday, October 25th. BMO Capital Markets lowered their price objective on KapStone Paper and Packaging from $28.00 to $26.00 and set an outperform rating for the company in a research report on Friday, October 27th. Finally, Citigroup boosted their target price on KapStone Paper and Packaging from $25.00 to $26.00 and gave the company a buy rating in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. KapStone Paper and Packaging currently has an average rating of Buy and an average price target of $26.63.
KapStone Paper and Packaging (KS) traded up $0.46 during mid-day trading on Wednesday, reaching $25.87. The company’s stock had a trading volume of 672,611 shares, compared to its average volume of 622,476. The stock has a market cap of $2,508.28, a price-to-earnings ratio of 24.88, a PEG ratio of 1.25 and a beta of 2.77. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 1.64. KapStone Paper and Packaging has a 1-year low of $19.59 and a 1-year high of $26.47.
KapStone Paper and Packaging (NYSE:KS) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The business had revenue of $868.42 million for the quarter, compared to the consensus estimate of $839.36 million. KapStone Paper and Packaging had a net margin of 2.29% and a return on equity of 11.12%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. sell-side analysts expect that KapStone Paper and Packaging will post 1.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date was Thursday, December 28th. KapStone Paper and Packaging’s dividend payout ratio (DPR) is 53.33%.
In other news, Director John Chapman sold 70,765 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $20.80, for a total transaction of $1,471,912.00. Following the transaction, the director now directly owns 445,056 shares of the company’s stock, valued at $9,257,164.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Andrea K. Tarbox sold 32,486 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total value of $680,581.70. Following the transaction, the vice president now directly owns 157,336 shares in the company, valued at $3,296,189.20. The disclosure for this sale can be found here. Insiders own 13.09% of the company’s stock.
Large investors have recently made changes to their positions in the company. Macquarie Group Ltd. lifted its holdings in shares of KapStone Paper and Packaging by 7.2% during the third quarter. Macquarie Group Ltd. now owns 2,132,675 shares of the basic materials company’s stock valued at $45,831,000 after purchasing an additional 142,855 shares in the last quarter. Emerald Advisers Inc. PA bought a new position in shares of KapStone Paper and Packaging during the third quarter valued at $9,167,000. State Street Corp lifted its holdings in shares of KapStone Paper and Packaging by 2.1% during the second quarter. State Street Corp now owns 2,088,779 shares of the basic materials company’s stock valued at $43,094,000 after purchasing an additional 42,808 shares in the last quarter. Magnetar Financial LLC lifted its holdings in shares of KapStone Paper and Packaging by 265.7% during the third quarter. Magnetar Financial LLC now owns 54,481 shares of the basic materials company’s stock valued at $1,171,000 after purchasing an additional 39,582 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY lifted its holdings in shares of KapStone Paper and Packaging by 0.5% during the third quarter. Paradigm Capital Management Inc. NY now owns 1,680,800 shares of the basic materials company’s stock valued at $36,120,000 after purchasing an additional 8,950 shares in the last quarter. 86.08% of the stock is currently owned by hedge funds and other institutional investors.
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KapStone Paper and Packaging 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.
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