Zacks Investment Research lowered shares of KapStone Paper and Packaging Corporation (NYSE:KS) from a strong-buy rating to a hold rating in a report released on Saturday.

According to Zacks, “KAPSTONE PAPER & PACKAGING CORPORATION was formed to effect a business combination with a suitable operating business in the paper, packaging, forest products and related industries. Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is a leading North American producer of kraft paper and inflatable dunnage bags. The Company is the parent corporation of KapStone Kraft Paper Corporation which includes a paper mill in Roanoke Rapids, NC, and RideRite, an inflatable dunnage bag manufacturer in Fordyce, AR. “

Several other brokerages also recently commented on KS. Deutsche Bank AG lifted their target price on KapStone Paper and Packaging Corporation from $26.00 to $28.00 and gave the stock a buy rating in a research note on Tuesday, April 25th. Vertical Research downgraded KapStone Paper and Packaging Corporation from a buy rating to a hold rating in a research note on Thursday, April 27th. BMO Capital Markets reiterated a buy rating and set a $28.00 target price on shares of KapStone Paper and Packaging Corporation in a research note on Friday, April 7th. ValuEngine downgraded KapStone Paper and Packaging Corporation from a buy rating to a hold rating in a research note on Thursday, July 13th. Finally, BidaskClub upgraded KapStone Paper and Packaging Corporation from a hold rating to a buy rating in a research note on Monday, July 24th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $26.33.

Shares of KapStone Paper and Packaging Corporation (NYSE KS) opened at 23.23 on Friday. The company has a market capitalization of $2.25 billion, a PE ratio of 30.57 and a beta of 2.83. The stock has a 50 day moving average price of $21.71 and a 200 day moving average price of $22.27. KapStone Paper and Packaging Corporation has a 52-week low of $13.97 and a 52-week high of $24.98.

KapStone Paper and Packaging Corporation (NYSE:KS) last issued its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. KapStone Paper and Packaging Corporation had a return on equity of 11.26% and a net margin of 2.39%. The company had revenue of $822.70 million during the quarter, compared to the consensus estimate of $831.52 million. During the same period in the previous year, the company posted $0.27 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts predict that KapStone Paper and Packaging Corporation will post $1.28 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Thursday, June 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $0.40 annualized dividend and a yield of 1.72%. KapStone Paper and Packaging Corporation’s dividend payout ratio (DPR) is presently 51.95%.

In related news, Director Jonathan R. Furer sold 12,484 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $21.23, for a total value of $265,035.32. Following the completion of the sale, the director now directly owns 1,178,915 shares in the company, valued at approximately $25,028,365.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Randy J. Nebel sold 10,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the vice president now owns 47,404 shares of the company’s stock, valued at $1,137,696. The disclosure for this sale can be found here. Insiders own 13.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC increased its stake in KapStone Paper and Packaging Corporation by 7.9% in the first quarter. Flinton Capital Management LLC now owns 5,100 shares of the basic materials company’s stock valued at $118,000 after buying an additional 374 shares during the period. Invictus RG purchased a new stake in KapStone Paper and Packaging Corporation during the first quarter valued at about $153,000. Ameritas Investment Partners Inc. purchased a new stake in KapStone Paper and Packaging Corporation during the first quarter valued at about $172,000. State of Alaska Department of Revenue increased its stake in 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 period. Finally, PNC Financial Services Group Inc. increased its stake in KapStone Paper and Packaging Corporation by 389.6% in the first quarter. PNC Financial Services Group Inc. now owns 9,943 shares of the basic materials company’s stock valued at $230,000 after buying an additional 7,912 shares during the period. Institutional investors and hedge funds own 82.90% of the company’s stock.

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.

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

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