Citigroup Inc. initiated coverage on shares of KapStone Paper and Packaging Corporation (NYSE:KS) in a report issued on Wednesday, The Fly reports. The firm set a “buy” rating on the basic materials company’s stock.

Several other research firms also recently commented on KS. Royal Bank Of Canada reissued a “buy” rating and issued a $26.00 target price on shares of KapStone Paper and Packaging Corporation in a research report on Tuesday, April 18th. Zacks Investment Research downgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. ValuEngine downgraded shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. BidaskClub raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Vertical Research downgraded shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.33.

KapStone Paper and Packaging Corporation (KS) opened at 21.89 on Wednesday. The company’s 50 day moving average price is $22.11 and its 200-day moving average price is $22.22. KapStone Paper and Packaging Corporation has a one year low of $14.56 and a one year high of $24.98. The stock has a market capitalization of $2.12 billion, a PE ratio of 28.84 and a beta of 2.84.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted 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. The company had revenue of $822.70 million during the quarter, compared to the consensus estimate of $831.52 million. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. Analysts expect that KapStone Paper and Packaging Corporation will post $1.26 earnings per share for the current year.

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In other news, 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 directly owns 47,404 shares in the company, valued at $1,137,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David P. Storch acquired 5,000 shares of KapStone Paper and Packaging Corporation stock in a transaction dated Thursday, May 18th. The stock was purchased at an average price of $20.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $902,540. The disclosure for this purchase can be found here. 13.30% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC boosted its position 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 last quarter. Victory Capital Management Inc. boosted its position in KapStone Paper and Packaging Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock valued at $106,000 after buying an additional 771 shares during the last quarter. Invictus RG bought a new position in KapStone Paper and Packaging Corporation during the first quarter valued at approximately $153,000. Ameritas Investment Partners Inc. bought a new position in KapStone Paper and Packaging Corporation during the first quarter valued at approximately $172,000. Finally, Riverhead Capital Management LLC boosted its position in KapStone Paper and Packaging Corporation by 77.3% in the second quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock valued at $183,000 after buying an additional 3,864 shares during the last quarter. Hedge funds and other institutional investors own 81.16% 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.

The Fly

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

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