Shares of KapStone Paper and Packaging Corp. (NYSE:KS) have received an average recommendation of “Hold” from the twelve analysts that are presently covering the stock. Seven equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $23.04.

A number of research analysts recently issued reports on the stock. Barclays PLC lowered shares of KapStone Paper and Packaging Corp. from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $22.00 to $24.00 in a research note on Monday, February 6th. KeyCorp reiterated a “hold” rating on shares of KapStone Paper and Packaging Corp. in a research note on Wednesday, February 8th. Bank of America Corp reiterated a “buy” rating and issued a $29.00 target price on shares of KapStone Paper and Packaging Corp. in a research note on Tuesday, February 21st. Finally, Wells Fargo & Co lowered shares of KapStone Paper and Packaging Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, November 21st.

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in KapStone Paper and Packaging Corp. by 0.6% in the third quarter. BlackRock Inc. now owns 23,089 shares of the company’s stock valued at $436,000 after buying an additional 144 shares in the last quarter. Capstone Asset Management Co. raised its stake in KapStone Paper and Packaging Corp. by 0.8% in the third quarter. Capstone Asset Management Co. now owns 25,222 shares of the company’s stock valued at $477,000 after buying an additional 190 shares in the last quarter. American International Group Inc. raised its stake in KapStone Paper and Packaging Corp. by 0.5% in the third quarter. American International Group Inc. now owns 64,484 shares of the company’s stock valued at $1,220,000 after buying an additional 289 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in KapStone Paper and Packaging Corp. by 1.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 27,050 shares of the company’s stock valued at $512,000 after buying an additional 310 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in KapStone Paper and Packaging Corp. by 2.1% in the third quarter. Louisiana State Employees Retirement System now owns 38,800 shares of the company’s stock valued at $734,000 after buying an additional 800 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

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KapStone Paper and Packaging Corp. (NYSE:KS) opened at 24.08 on Tuesday. The stock’s 50 day moving average price is $23.21 and its 200 day moving average price is $21.03. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 27.36 and a beta of 2.82. KapStone Paper and Packaging Corp. has a one year low of $12.14 and a one year high of $24.98.

KapStone Paper and Packaging Corp. (NYSE:KS) last posted its earnings results on Wednesday, February 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.01. KapStone Paper and Packaging Corp. had a net margin of 2.80% and a return on equity of 11.90%. The firm earned $777 million during the quarter, compared to analyst estimates of $760.42 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that KapStone Paper and Packaging Corp. will post $1.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 12th. Shareholders of record on Wednesday, March 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 27th. This represents a $0.40 annualized dividend and a yield of 1.66%. KapStone Paper and Packaging Corp.’s dividend payout ratio is 44.94%.

KapStone Paper and Packaging Corp. Company Profile

KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.

5 Day Chart for NYSE:KS

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