DA Davidson lowered shares of KapStone Paper and Packaging (NYSE:KS) from a buy rating to a neutral rating in a research note published on Thursday morning, MarketBeat.com reports.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank lowered shares of KapStone Paper and Packaging from a buy rating to a hold rating and set a $35.00 target price on the stock. in a research note on Thursday. Citigroup lifted their target price on shares of KapStone Paper and Packaging from $25.00 to $26.00 and gave the company a buy rating in a research note on Friday, October 27th. BMO Capital Markets lowered shares of KapStone Paper and Packaging from an outperform rating to a market perform rating in a research note on Tuesday, January 30th. ValuEngine lowered shares of KapStone Paper and Packaging from a buy rating to a hold rating in a research note on Wednesday, November 15th. Finally, Stephens set a $30.00 price objective on shares of KapStone Paper and Packaging and gave the stock a buy rating in a research note on Wednesday, January 10th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $30.50.

KapStone Paper and Packaging (NYSE:KS) traded down $0.11 during mid-day trading on Thursday, hitting $34.39. 1,577,839 shares of the company’s stock were exchanged, compared to its average volume of 2,749,541. KapStone Paper and Packaging has a 12-month low of $19.59 and a 12-month high of $34.94. The stock has a market capitalization of $3,354.20, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.46 and a beta of 3.19. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25.

KapStone Paper and Packaging (NYSE:KS) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. The firm had revenue of $859.00 million for the quarter, compared to analyst estimates of $834.23 million. KapStone Paper and Packaging had a net margin of 7.34% and a return on equity of 14.08%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. research analysts expect that KapStone Paper and Packaging will post 1.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.16%. The ex-dividend date was Thursday, December 28th. KapStone Paper and Packaging’s payout ratio is currently 16.26%.

In other news, Director John Chapman sold 70,765 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $20.80, for a total value of $1,471,912.00. Following the transaction, the director now owns 445,056 shares in the company, valued at $9,257,164.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Andrea K. Tarbox sold 32,486 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $20.95, for a total transaction of $680,581.70. Following the completion of the transaction, the vice president now owns 157,336 shares in the company, valued at approximately $3,296,189.20. The disclosure for this sale can be found here. Insiders own 13.09% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in shares of KapStone Paper and Packaging by 4.2% in the second quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock worth $123,000 after buying an additional 239 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of KapStone Paper and Packaging in the fourth quarter worth approximately $134,000. Flinton Capital Management LLC lifted its stake in shares of KapStone Paper and Packaging by 75.3% in the second quarter. Flinton Capital Management LLC now owns 8,942 shares of the basic materials company’s stock worth $184,000 after buying an additional 3,842 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of KapStone Paper and Packaging in the third quarter worth approximately $188,000. Finally, SFE Investment Counsel bought a new position in shares of KapStone Paper and Packaging in the third quarter worth approximately $215,000. Hedge funds and other institutional investors own 85.85% of the company’s stock.

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About KapStone Paper and Packaging

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 (NYSE:KS)

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