KapStone Paper and Packaging Corporation (KS) Rating Lowered to Hold at ValuEngine

KapStone Paper and Packaging Corporation (NYSE:KS) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Several other research analysts have also weighed in on KS. BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price target on shares of KapStone Paper and Packaging Corporation in a research report on Tuesday, July 18th. Zacks Investment Research raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, July 19th. BidaskClub raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Citigroup Inc. started coverage on KapStone Paper and Packaging Corporation in a research report on Wednesday, August 16th. They set a “buy” rating and a $25.00 price target on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $27.00 price target on shares of KapStone Paper and Packaging Corporation in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.38.

Shares of KapStone Paper and Packaging Corporation (NYSE:KS) opened at $20.94 on Wednesday. KapStone Paper and Packaging Corporation has a 1 year low of $19.46 and a 1 year high of $24.98. The stock has a market capitalization of $2,039.97, a P/E ratio of 20.23, a P/E/G ratio of 1.42 and a beta of 2.80. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25.

KapStone Paper and Packaging Corporation (NYSE:KS) last announced its 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 firm had revenue of $868.42 million during the quarter, compared to analyst estimates of $839.36 million. KapStone Paper and Packaging Corporation had a net margin of 2.29% and a return on equity of 11.12%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. equities analysts expect that KapStone Paper and Packaging Corporation will post 1.11 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of the stock. Eaton Vance Management increased its holdings in shares of KapStone Paper and Packaging Corporation by 0.3% during the 2nd quarter. Eaton Vance Management now owns 22,903 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 63 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in KapStone Paper and Packaging Corporation by 0.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 35,900 shares of the basic materials company’s stock valued at $741,000 after purchasing an additional 100 shares during the period. Public Employees Retirement System of Ohio boosted its stake in KapStone Paper and Packaging Corporation by 4.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 239 shares during the period. The Manufacturers Life Insurance Company boosted its stake in KapStone Paper and Packaging Corporation by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 67,368 shares of the basic materials company’s stock valued at $1,390,000 after purchasing an additional 293 shares during the period. Finally, Texas Permanent School Fund boosted its stake in KapStone Paper and Packaging Corporation by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 64,308 shares of the basic materials company’s stock valued at $1,327,000 after purchasing an additional 607 shares during the period. 85.14% of the stock is currently owned by institutional investors and hedge funds.

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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