KapStone Paper and Packaging Corp. (NYSE:KS) was up 6.6% during mid-day trading on Thursday . The stock traded as high as $16.30 and last traded at $16.11, with a volume of 795,548 shares traded. The stock had previously closed at $15.11.

Several equities research analysts have issued reports on KS shares. Barclays PLC raised their price objective on shares of KapStone Paper and Packaging Corp. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, May 2nd. Deutsche Bank AG restated a “hold” rating on shares of KapStone Paper and Packaging Corp. in a research report on Wednesday, May 18th. Zacks Investment Research cut shares of KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, Dundee Securities raised shares of KapStone Paper and Packaging Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. KapStone Paper and Packaging Corp. has an average rating of “Hold” and a consensus target price of $17.02.

The stock’s 50-day moving average price is $14.75 and its 200 day moving average price is $13.80. The stock has a market cap of $1.57 billion and a price-to-earnings ratio of 19.11.

KapStone Paper and Packaging Corp. (NYSE:KS) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.02. The business had revenue of $784.91 million for the quarter, compared to analyst estimates of $820.11 million. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. Equities analysts anticipate that KapStone Paper and Packaging Corp. will post $1.18 EPS for the current fiscal year.

In other KapStone Paper and Packaging Corp. news, Director Jonathan R. Furer sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $15.09, for a total value of $377,250.00. Following the transaction, the director now directly owns 1,189,400 shares in the company, valued at $17,948,046. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

An institutional investor recently raised its position in KapStone Paper and Packaging Corp. stock. Principal Financial Group Inc. increased its position in shares of KapStone Paper and Packaging Corp. (NYSE:KS) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 575,376 shares of the company’s stock after buying an additional 25,050 shares during the period. Principal Financial Group Inc. owned about 0.60% of KapStone Paper and Packaging Corp. worth $12,998,000 at the end of the most recent reporting period.

KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.

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