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

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

The firm has a 50 day moving average of $14.87 and a 200 day moving average of $13.82. The stock has a market cap of $1.67 billion and a PE ratio of 20.29.

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

In other news, Director Jonathan R. Furer sold 25,000 shares of KapStone Paper and Packaging Corp. 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 completion of the transaction, the director now owns 1,189,400 shares of the company’s stock, valued at approximately $17,948,046. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A hedge fund recently raised its stake in KapStone Paper and Packaging Corp. stock. Principal Financial Group Inc. increased its stake in KapStone Paper and Packaging Corp. (NYSE:KS) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the SEC.

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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