KapStone Paper and Packaging Corp. (NYSE:KS) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday.

KS has been the topic of a number of other reports. BidaskClub cut KapStone Paper and Packaging Corp. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research downgraded KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Vertical Research raised KapStone Paper and Packaging Corp. from a “hold” rating to a “buy” rating in a research report on Monday, July 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $28.00 price target on shares of KapStone Paper and Packaging Corp. in a research report on Tuesday, July 18th. Finally, Citigroup Inc. initiated coverage on shares of KapStone Paper and Packaging Corp. in a research note on Wednesday, August 16th. They issued a “buy” rating and a $25.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.29.

Shares of KapStone Paper and Packaging Corp. (KS) traded up 2.89% on Monday, hitting $22.11. The company had a trading volume of 1,533,884 shares. KapStone Paper and Packaging Corp. has a 52 week low of $17.06 and a 52 week high of $24.98. The stock has a market capitalization of $2.14 billion, a PE ratio of 29.13 and a beta of 2.78. The firm’s 50 day moving average price is $22.15 and its 200-day moving average price is $21.99.

KapStone Paper and Packaging Corp. (NYSE:KS) last posted its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.27. The company had revenue of $822.70 million during the quarter, compared to analyst estimates of $831.52 million. KapStone Paper and Packaging Corp. had a return on equity of 8.67% and a net margin of 2.40%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. Analysts forecast that KapStone Paper and Packaging Corp. will post $1.26 earnings per share for the current fiscal year.

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In related news, VP Randy J. Nebel sold 10,000 shares of KapStone Paper and Packaging Corp. stock in a transaction dated Thursday, July 27th. The stock was 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 approximately $1,137,696. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.09% of the company’s stock.

A number of large investors have recently modified their holdings of KS. BlackRock Inc. lifted its stake in KapStone Paper and Packaging Corp. by 53,613.8% during the 1st quarter. BlackRock Inc. now owns 11,283,124 shares of the basic materials company’s stock valued at $260,641,000 after acquiring an additional 11,262,118 shares during the period. Vanguard Group Inc. boosted its holdings in shares of KapStone Paper and Packaging Corp. by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 7,742,360 shares of the basic materials company’s stock valued at $178,849,000 after acquiring an additional 134,457 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of KapStone Paper and Packaging Corp. by 44.5% during the 1st quarter. Wellington Management Group LLP now owns 5,082,064 shares of the basic materials company’s stock valued at $117,396,000 after acquiring an additional 1,564,976 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of KapStone Paper and Packaging Corp. by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,819,078 shares of the basic materials company’s stock valued at $99,418,000 after acquiring an additional 15,141 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of KapStone Paper and Packaging Corp. by 2.1% during the 2nd quarter. State Street Corp now owns 2,088,779 shares of the basic materials company’s stock valued at $43,094,000 after acquiring an additional 42,808 shares during the last quarter. 83.89% of the stock is owned by institutional investors and hedge funds.

About KapStone Paper and Packaging Corp.

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 Corp. (NYSE:KS)

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