Standpoint Research lowered shares of KapStone Paper and Packaging Corp. (NYSE:KS) from a buy rating to a hold rating in a research report sent to investors on Friday.

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

A number of other analysts have also issued reports on KS. Zacks Investment Research lowered shares of KapStone Paper and Packaging Corp. from a hold rating to a sell rating in a research report on Tuesday, July 5th. Dundee Securities upgraded shares of KapStone Paper and Packaging Corp. from a neutral rating to a buy rating in a research report on Tuesday, July 19th. Deutsche Bank AG raised their target price on shares of KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the stock a hold rating in a research report on Wednesday, August 10th. Finally, Bank of America Corp. upgraded shares of KapStone Paper and Packaging Corp. from an underperform rating to a neutral rating and set a $18.00 price target on the stock in a report on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $17.69.

KapStone Paper and Packaging Corp. (NYSE:KS) opened at 18.25 on Friday. The company has a 50-day moving average price of $16.58 and a 200 day moving average price of $14.79. KapStone Paper and Packaging Corp. has a 12-month low of $8.95 and a 12-month high of $24.91. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 21.47 and a beta of 2.49.

KapStone Paper and Packaging Corp. (NYSE:KS) last announced its earnings results on Wednesday, July 27th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.02. KapStone Paper and Packaging Corp. had a return on equity of 12.64% and a net margin of 2.68%. The firm had revenue of $784.91 million for the quarter, compared to analyst estimates of $820.11 million. During the same quarter last year, the business posted $0.44 EPS. The firm’s revenue was up 16.9% compared to the same quarter last year. On average, equities research analysts predict that KapStone Paper and Packaging Corp. will post $1.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.19%. KapStone Paper and Packaging Corp.’s payout ratio is 47.06%.

In related news, Director Jonathan R. Furer sold 25,000 shares of KapStone Paper and Packaging Corp. stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $15.09, for a total transaction of $377,250.00. Following the transaction, the director now owns 1,189,400 shares in the company, valued at approximately $17,948,046. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC purchased a new stake in KapStone Paper and Packaging Corp. during the second quarter valued at about $218,000. Schwab Charles Investment Management Inc. increased its stake in KapStone Paper and Packaging Corp. by 7.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 410,549 shares of the company’s stock valued at $5,342,000 after buying an additional 27,747 shares during the period. Stifel Financial Corp increased its stake in KapStone Paper and Packaging Corp. by 17.5% in the second quarter. Stifel Financial Corp now owns 27,743 shares of the company’s stock valued at $361,000 after buying an additional 4,130 shares during the period. Amalgamated Bank purchased a new stake in KapStone Paper and Packaging Corp. during the second quarter valued at about $162,000. Finally, Fiera Capital Corp purchased a new stake in KapStone Paper and Packaging Corp. during the second quarter valued at about $21,892,000. 82.54% of the stock is currently owned by hedge funds and other institutional investors.

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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