Zacks Investment Research upgraded shares of KapStone Paper and Packaging (NYSE:KS) from a sell rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “KapStone Paper and Packaging Corporation operate businesses in the paper, packaging, forest products and related industries. KapStone is a leading North American producer of unbleached Kraft paper and corrugated packaging products. KapStone’s paper mills produce a wide spectrum of kraft and recycled products ranging from containerboard, including liner and medium, to kraft papers, saturating kraft and folding carton board. The mill’s product portfolio contains several branded products including Kraftpak, DuraSorb, TEA-Kraft and FibreShield as well as a focus on extensible kraft paper grades and on high-performance, lightweight linerboard. KapStone’s corrugated packaging business offers an array of fully equipped corrugator Box Plants, Sheet Plants and Sheet Feeders providing industrial and retail corrugated packaging solutions for any customer, regardless of size or demands. “

A number of other analysts have also recently commented on the stock. ValuEngine raised shares of KapStone Paper and Packaging from a hold rating to a buy rating in a research note on Sunday, December 31st. Royal Bank of Canada reissued a buy rating and set a $27.00 target price on shares of KapStone Paper and Packaging in a research note on Friday, October 27th. BMO Capital Markets cut their target price on shares of KapStone Paper and Packaging from $28.00 to $26.00 and set an outperform rating for the company in a research note on Friday, October 27th. Citigroup boosted their target price on shares of KapStone Paper and Packaging from $25.00 to $26.00 and gave the stock a buy rating in a research note on Friday, October 27th. Finally, KeyCorp reissued a hold rating on shares of KapStone Paper and Packaging in a research note on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $26.63.

KapStone Paper and Packaging (KS) traded down $0.26 during mid-day trading on Wednesday, hitting $25.98. 938,890 shares of the stock were exchanged, compared to its average volume of 667,888. The stock has a market capitalization of $2,518.94, a PE ratio of 24.98, a P/E/G ratio of 1.25 and a beta of 2.77. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 1.64. KapStone Paper and Packaging has a twelve month low of $19.59 and a twelve month high of $26.47.

KapStone Paper and Packaging (NYSE:KS) last released its earnings results on Wednesday, October 25th. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The company had revenue of $868.42 million for the quarter, compared to analysts’ expectations of $839.36 million. KapStone Paper and Packaging had a return on equity of 11.12% and a net margin of 2.29%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. equities research analysts expect that KapStone Paper and Packaging will post 1.11 earnings per share for the current 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. The ex-dividend date was Thursday, December 28th. This represents a $0.40 annualized dividend and a yield of 1.54%. KapStone Paper and Packaging’s dividend payout ratio is presently 53.33%.

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

A number of large investors have recently bought and sold shares of KS. Victory Capital Management Inc. boosted its holdings in KapStone Paper and Packaging by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 771 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in KapStone Paper and Packaging by 4.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 239 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in KapStone Paper and Packaging by 77.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 3,864 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in KapStone Paper and Packaging by 75.3% in the 2nd quarter. Flinton Capital Management LLC now owns 8,942 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 3,842 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in KapStone Paper and Packaging in the 3rd quarter valued at about $188,000. Institutional investors own 86.08% of the company’s stock.

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KapStone Paper and Packaging 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 (NYSE:KS)

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