KapStone Paper and Packaging Corporation (KS) Receives Consensus Rating of “Hold” from Brokerages

Shares of KapStone Paper and Packaging Corporation (NYSE:KS) have earned an average rating of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $26.75.

KS has been the topic of several recent analyst reports. Zacks Investment Research raised KapStone Paper and Packaging Corporation from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $26.00 price target on shares of KapStone Paper and Packaging Corporation in a research report on Tuesday, April 18th. Deutsche Bank AG boosted their target price on KapStone Paper and Packaging Corporation from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. BidaskClub lowered KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, BMO Capital Markets reissued a “buy” rating and set a $28.00 target price on shares of KapStone Paper and Packaging Corporation in a report on Tuesday, July 18th.

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In other news, Director David P. Storch bought 5,000 shares of the stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of $20.00 per share, with a total value of $100,000.00. Following the acquisition, the director now directly owns 45,127 shares in the company, valued at $902,540. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Randy J. Nebel sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the vice president now directly owns 47,404 shares of the company’s stock, valued at approximately $1,137,696. The disclosure for this sale can be found here. 13.30% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Eaton Vance Management boosted its stake in shares of KapStone Paper and Packaging Corporation by 0.3% in the second quarter. Eaton Vance Management now owns 22,903 shares of the basic materials company’s stock valued at $472,000 after buying an additional 63 shares during the last quarter. National Asset Management Inc. boosted its stake in shares of KapStone Paper and Packaging Corporation by 0.7% in the first quarter. National Asset Management Inc. now owns 10,095 shares of the basic materials company’s stock valued at $234,000 after buying an additional 75 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of KapStone Paper and Packaging Corporation by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the basic materials company’s stock valued at $741,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of KapStone Paper and Packaging Corporation by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 9,750 shares of the basic materials company’s stock valued at $225,000 after buying an additional 240 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of KapStone Paper and Packaging Corporation by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 24,180 shares of the basic materials company’s stock valued at $558,000 after buying an additional 240 shares during the last quarter. 82.03% of the stock is owned by institutional investors.

Shares of KapStone Paper and Packaging Corporation (NYSE:KS) opened at 21.74 on Friday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 28.64 and a beta of 2.84. KapStone Paper and Packaging Corporation has a 12 month low of $14.56 and a 12 month high of $24.98. The firm has a 50 day moving average of $22.01 and a 200-day moving average of $22.30.

KapStone Paper and Packaging Corporation (NYSE:KS) last announced its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27. The business had revenue of $822.70 million for the quarter, compared to analyst estimates of $831.52 million. KapStone Paper and Packaging Corporation had a return on equity of 11.26% and a net margin of 2.39%. KapStone Paper and Packaging Corporation’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS. Analysts forecast that KapStone Paper and Packaging Corporation will post $1.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Thursday, June 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.84%. KapStone Paper and Packaging Corporation’s dividend payout ratio (DPR) is currently 51.95%.

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.

Analyst Recommendations for KapStone Paper and Packaging Corporation (NYSE:KS)

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