Kapstone (NYSE:KS) has been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $32.60.
Several equities research analysts have recently issued reports on KS shares. ValuEngine lowered shares of Kapstone from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 19th. Zacks Investment Research upgraded shares of Kapstone from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Tuesday, April 17th. BMO Capital Markets restated a “buy” rating and issued a $30.00 target price on shares of Kapstone in a report on Thursday, January 25th. Stephens lowered shares of Kapstone from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a report on Tuesday, January 30th. Finally, Deutsche Bank lowered shares of Kapstone from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a report on Thursday, February 8th.
Shares of Kapstone traded down $0.03, hitting $34.41, during trading on Thursday, MarketBeat.com reports. The stock had a trading volume of 26,925 shares, compared to its average volume of 1,568,245. The firm has a market capitalization of $3.37 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 1.21 and a beta of 3.02. The company has a current ratio of 2.07, a quick ratio of 1.24 and a debt-to-equity ratio of 1.26. Kapstone has a 12 month low of $34.48 and a 12 month high of $34.63.
Kapstone (NYSE:KS) last released its earnings results on Wednesday, April 18th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.07. The firm had revenue of $799.20 million during the quarter, compared to analyst estimates of $810.80 million. Kapstone had a net margin of 8.07% and a return on equity of 15.10%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. sell-side analysts predict that Kapstone will post 2.04 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in Kapstone during the 1st quarter valued at about $159,000. Public Employees Retirement Association of Colorado purchased a new position in Kapstone during the 4th quarter valued at about $134,000. Wellington Shields Capital Management LLC purchased a new position in Kapstone during the 1st quarter valued at about $206,000. GSA Capital Partners LLP purchased a new position in Kapstone during the 1st quarter valued at about $216,000. Finally, Seven Eight Capital LP purchased a new position in Kapstone during the 1st quarter valued at about $223,000. Institutional investors own 79.51% of the company’s stock.
KapStone Paper and Packaging Corporation produces and sells a range of containerboards, corrugated products, and specialty paper products in the United States and internationally. The company operates in two segments, Paper and Packaging, and Distribution. The Paper and Packaging segment offers containerboards consisting of linerboard and corrugated medium to manufacture corrugated containers for packaging products; and corrugated products.
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