KapStone Paper and Packaging (KS) Given a $30.00 Price Target at Stephens

Stephens set a $30.00 price objective on KapStone Paper and Packaging (NYSE:KS) in a research report report published on Wednesday. The brokerage currently has a buy rating on the basic materials company’s stock.

KS has been the subject of a number of other reports. Royal Bank of Canada reiterated a buy rating and issued a $27.00 price target on shares of KapStone Paper and Packaging in a research report on Friday, October 27th. ValuEngine upgraded shares of KapStone Paper and Packaging from a hold rating to a buy rating in a research report on Friday, December 1st. Citigroup upped their price target on shares of KapStone Paper and Packaging from $25.00 to $26.00 and gave the stock a buy rating in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of KapStone Paper and Packaging from a sell rating to a hold rating in a research report on Wednesday. Finally, KeyCorp reiterated a hold rating on shares of KapStone Paper and Packaging in a research report on Wednesday, October 25th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $26.63.

Shares of KapStone Paper and Packaging (NYSE:KS) opened at $25.98 on Wednesday. KapStone Paper and Packaging has a twelve month low of $19.59 and a twelve month high of $26.47. The company has a market cap of $2,520.00, a P/E ratio of 34.64, a price-to-earnings-growth ratio of 1.27 and a beta of 2.76. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64.

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

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a $0.10 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. KapStone Paper and Packaging’s payout ratio is currently 53.33%.

In related news, Director John Chapman sold 70,765 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 445,056 shares in the company, valued at $9,257,164.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Andrea K. Tarbox sold 32,486 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $20.95, for a total transaction of $680,581.70. Following the transaction, the vice president now owns 157,336 shares of the company’s stock, valued at approximately $3,296,189.20. The disclosure for this sale can be found here. Corporate insiders own 13.09% of the company’s stock.

Several large investors have recently modified their holdings of KS. Victory Capital Management Inc. boosted its position in shares of KapStone Paper and Packaging by 25,123.5% during 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 acquiring an additional 1,292,605 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of KapStone Paper and Packaging by 51.9% during 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 acquiring an additional 1,148,963 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in shares of KapStone Paper and Packaging during the second quarter worth $14,866,000. Emerald Advisers Inc. PA bought a new position in shares of KapStone Paper and Packaging during the third quarter worth $9,167,000. Finally, Voya Investment Management LLC boosted its position in shares of KapStone Paper and Packaging by 23.3% during 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 acquiring an additional 351,094 shares during the last quarter. Hedge funds and other institutional investors own 86.08% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was first published by Stock Observer and is the property of of Stock Observer. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.thestockobserver.com/2018/01/13/kapstone-paper-and-packaging-ks-given-a-30-00-price-target-at-stephens.html.

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.

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

Receive News & Ratings for KapStone Paper and Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KapStone Paper and Packaging and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply