Shares of KapStone Paper and Packaging Corporation (NYSE:KS) have received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $26.57.

KS has been the subject of a number of research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 price target on shares of KapStone Paper and Packaging Corporation in a report on Monday, August 21st. Zacks Investment Research raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday, July 19th. KeyCorp reaffirmed a “hold” rating on shares of KapStone Paper and Packaging Corporation in a research note on Thursday, October 12th. BidaskClub cut shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $28.00 price objective on shares of KapStone Paper and Packaging Corporation in a research note on Tuesday, July 18th.

COPYRIGHT VIOLATION WARNING: “KapStone Paper and Packaging Corporation (KS) Receives $26.57 Average PT from Analysts” was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/kapstone-paper-and-packaging-corporation-ks-receives-26-57-average-pt-from-analysts/1676417.html.

Shares of KapStone Paper and Packaging Corporation (NYSE KS) traded up $0.20 during trading hours on Friday, hitting $22.88. The stock had a trading volume of 968,431 shares, compared to its average volume of 1,078,087. The firm has a market capitalization of $2.22 billion, a PE ratio of 22.01 and a beta of 2.80.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.75%. KapStone Paper and Packaging Corporation’s dividend payout ratio is 53.33%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its position in shares of KapStone Paper and Packaging Corporation by 53.1% during the third quarter. BNP Paribas Arbitrage SA now owns 45,698 shares of the basic materials company’s stock worth $982,000 after purchasing an additional 15,843 shares in the last quarter. IndexIQ Advisors LLC lifted its position in KapStone Paper and Packaging Corporation by 108.5% in the 3rd quarter. IndexIQ Advisors LLC now owns 107,459 shares of the basic materials company’s stock valued at $2,309,000 after acquiring an additional 55,927 shares in the last quarter. American Century Companies Inc. lifted its position in KapStone Paper and Packaging Corporation by 12.1% in the 3rd quarter. American Century Companies Inc. now owns 266,031 shares of the basic materials company’s stock valued at $5,717,000 after acquiring an additional 28,774 shares in the last quarter. Monarch Partners Asset Management LLC lifted its position in KapStone Paper and Packaging Corporation by 3.4% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 638,520 shares of the basic materials company’s stock valued at $13,722,000 after acquiring an additional 20,887 shares in the last quarter. Finally, SFE Investment Counsel bought a new stake in KapStone Paper and Packaging Corporation in the 3rd quarter valued at $215,000. 83.80% of the stock is currently owned by institutional investors.

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.

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

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