TheStreet upgraded shares of KapStone Paper and Packaging (NYSE:KS) from a c+ rating to a b- rating in a research note published on Monday morning.

A number of other brokerages also recently weighed in on KS. Stephens set a $30.00 price target on shares of KapStone Paper and Packaging and gave the stock a buy rating in a report on Wednesday. Zacks Investment Research raised shares of KapStone Paper and Packaging from a sell rating to a hold rating in a report on Wednesday. ValuEngine raised shares of KapStone Paper and Packaging from a hold rating to a buy rating in a report on Sunday, December 31st. KeyCorp reaffirmed a hold rating on shares of KapStone Paper and Packaging in a report on Wednesday, October 25th. Finally, BMO Capital Markets cut their price target on shares of KapStone Paper and Packaging from $28.00 to $26.00 and set an outperform rating for the company in a report on Friday, October 27th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. KapStone Paper and Packaging currently has a consensus rating of Buy and an average price target of $26.63.

KapStone Paper and Packaging (NYSE:KS) traded up $0.66 during midday trading on Monday, reaching $26.24. 774,645 shares of the company’s stock were exchanged, compared to its average volume of 895,343. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 1.64. The company has a market cap of $2,460.00, a P/E ratio of 34.99, a P/E/G ratio of 1.22 and a beta of 2.76. KapStone Paper and Packaging has a 52-week low of $19.59 and a 52-week high of $26.29.

KapStone Paper and Packaging (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 the Zacks’ consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging had a return on equity of 11.12% and a net margin of 2.29%. The firm had revenue of $868.42 million for the quarter, compared to the consensus estimate of $839.36 million. During the same period last year, the company posted $0.37 EPS. The business’s revenue was up 11.8% on a year-over-year basis. research analysts forecast that KapStone Paper and Packaging will post 1.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, December 28th. KapStone Paper and Packaging’s payout ratio is 53.33%.

In related news, Director John Chapman sold 70,765 shares of the 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 completion of the transaction, 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 legal filing with the SEC, which is available through the SEC website. Also, VP Andrea K. Tarbox sold 32,486 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were 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 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 owned by corporate insiders.

A number of large investors have recently modified their holdings of KS. Schwab Charles Investment Management Inc. lifted its stake in KapStone Paper and Packaging by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 534,283 shares of the basic materials company’s stock valued at $11,023,000 after purchasing an additional 5,984 shares during the last quarter. Legal & General Group Plc lifted its stake in KapStone Paper and Packaging by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 167,269 shares of the basic materials company’s stock valued at $3,451,000 after purchasing an additional 13,882 shares during the last quarter. Marshall Wace North America L.P. bought a new position in KapStone Paper and Packaging in the 2nd quarter valued at approximately $446,000. Victory Capital Management Inc. lifted its stake 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. Finally, Eaton Vance Management lifted its stake in KapStone Paper and Packaging by 0.3% in the 2nd quarter. Eaton Vance Management now owns 22,903 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 63 shares during the last quarter. 86.08% of the stock is owned by institutional investors and hedge funds.

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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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