KapStone Paper and Packaging Corp. (NYSE:KS) shares were up 1.9% during mid-day trading on Thursday . The company traded as high as $17.90 and last traded at $17.85, with a volume of 583,534 shares. The stock had previously closed at $17.51.

Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd. Bank of America Corp. upgraded shares of KapStone Paper and Packaging Corp. from an “underperform” rating to a “neutral” rating and set a $18.00 price objective on the stock in a research report on Monday, August 29th. Dundee Securities upgraded shares of KapStone Paper and Packaging Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Finally, Deutsche Bank AG lifted their price objective on shares of KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.69.

The company’s 50-day moving average is $15.36 and its 200-day moving average is $14.02. The company has a market cap of $1.76 billion and a PE ratio of 21.41.

KapStone Paper and Packaging Corp. (NYSE:KS) last announced its earnings results 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. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company had revenue of $784.91 million for the quarter, compared to analyst estimates of $820.11 million. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. Equities analysts forecast that KapStone Paper and Packaging Corp. will post $1.18 earnings per share for the current 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 on Thursday, August 4th. The shares were sold at an average price of $15.09, for a total value of $377,250.00. Following the sale, 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 Securities & Exchange Commission, which is available at this link.

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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