KapStone Paper and Packaging Corp. (NYSE:KS) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday. The brokerage presently has a $24.00 price target on the stock. BMO Capital Markets’ price target would suggest a potential upside of 24.93% from the stock’s previous close.

KS has been the topic of a number of other reports. Dundee Securities raised KapStone Paper and Packaging Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, July 19th. Zacks Investment Research lowered KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Bank of America Corp. raised KapStone Paper and Packaging Corp. from an “underperform” rating to a “neutral” rating and set a $18.00 target price on the stock in a report on Monday, August 29th. Deutsche Bank AG boosted their target price on KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Finally, Standpoint Research lowered KapStone Paper and Packaging Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.58.

Analyst Recommendations for KapStone Paper and Packaging Corp. (NYSE:KS)

KapStone Paper and Packaging Corp. (NYSE:KS) opened at 19.21 on Wednesday. The firm’s 50 day moving average price is $16.85 and its 200-day moving average price is $14.85. KapStone Paper and Packaging Corp. has a one year low of $8.95 and a one year high of $24.91. The company has a market capitalization of $1.86 billion, a PE ratio of 22.60 and a beta of 2.49.

KapStone Paper and Packaging Corp. (NYSE:KS) last posted its earnings results on Wednesday, July 27th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates 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. KapStone Paper and Packaging Corp. had a return on equity of 12.64% and a net margin of 2.68%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 earnings per share. Equities analysts forecast that KapStone Paper and Packaging Corp. will post $1.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.08%. KapStone Paper and Packaging Corp.’s payout ratio is 47.06%.

In related news, Director Jonathan R. Furer sold 25,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $15.09, for a total transaction of $377,250.00. Following the completion of the sale, the director now directly owns 1,189,400 shares in the company, valued at approximately $17,948,046. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 13.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in shares of KapStone Paper and Packaging Corp. by 4.5% in the first quarter. State Street Corp now owns 1,821,068 shares of the company’s stock valued at $25,221,000 after buying an additional 79,150 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of KapStone Paper and Packaging Corp. by 37.4% in the first quarter. Canada Pension Plan Investment Board now owns 58,000 shares of the company’s stock valued at $803,000 after buying an additional 15,800 shares in the last quarter. Motley Fool Wealth Management LLC increased its stake in shares of KapStone Paper and Packaging Corp. by 10.1% in the first quarter. Motley Fool Wealth Management LLC now owns 154,179 shares of the company’s stock valued at $2,135,000 after buying an additional 14,200 shares in the last quarter. Huntington Asset Advisors Inc. acquired a new stake in shares of KapStone Paper and Packaging Corp. during the first quarter valued at $242,000. Finally, William Harris Investors Inc. increased its stake in shares of KapStone Paper and Packaging Corp. by 6.1% in the first quarter. William Harris Investors Inc. now owns 776,234 shares of the company’s stock valued at $10,751,000 after buying an additional 44,488 shares in the last quarter. Institutional investors and hedge funds own 82.54% of the company’s stock.

KapStone Paper and Packaging Corp. Company Profile

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.

5 Day Chart for NYSE:KS

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