Standpoint Research lowered shares of KapStone Paper and Packaging Corp. (NYSE:KS) from a buy rating to a hold rating in a research report sent to investors on Friday.

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

A number of other brokerages have also weighed in on KS. Bank of America Corp. raised KapStone Paper and Packaging Corp. from an underperform rating to a neutral rating and set a $18.00 price target on the stock in a research note on Monday, August 29th. Deutsche Bank AG increased their price target on KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the stock a hold rating in a research note on Wednesday, August 10th. Dundee Securities raised KapStone Paper and Packaging Corp. from a neutral rating to a buy rating in a research note on Tuesday, July 19th. Finally, Zacks Investment Research lowered KapStone Paper and Packaging Corp. from a hold rating to a sell rating in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $17.69.

KapStone Paper and Packaging Corp. (NYSE:KS) opened at 19.20 on Friday. KapStone Paper and Packaging Corp. has a 1-year low of $8.95 and a 1-year high of $24.91. The firm has a market capitalization of $1.85 billion, a PE ratio of 22.59 and a beta of 2.49. The company’s 50-day moving average price is $16.72 and its 200 day moving average price is $14.82.

KapStone Paper and Packaging Corp. (NYSE:KS) last issued its quarterly 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. KapStone Paper and Packaging Corp. had a return on equity of 12.64% and a net margin of 2.68%. The business had revenue of $784.91 million for the quarter, compared to analysts’ expectations of $820.11 million. During the same period in the prior year, the company earned $0.44 EPS. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, equities analysts anticipate that KapStone Paper and Packaging Corp. will post $1.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, September 28th. KapStone Paper and Packaging Corp.’s dividend payout ratio (DPR) is presently 47.06%.

In other KapStone Paper and Packaging Corp. news, Director Jonathan R. Furer sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was 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 of the company’s stock, valued at $17,948,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp bought a new position in KapStone Paper and Packaging Corp. during the second quarter valued at approximately $21,892,000. JPMorgan Chase & Co. raised its position in KapStone Paper and Packaging Corp. by 34.7% in the first quarter. JPMorgan Chase & Co. now owns 5,537,681 shares of the company’s stock valued at $76,698,000 after buying an additional 1,426,731 shares during the period. Prudential Financial Inc. raised its position in KapStone Paper and Packaging Corp. by 223.0% in the first quarter. Prudential Financial Inc. now owns 1,866,632 shares of the company’s stock valued at $25,853,000 after buying an additional 1,288,670 shares during the period. Norges Bank bought a new position in KapStone Paper and Packaging Corp. during the fourth quarter valued at approximately $24,361,000. Finally, Point72 Asset Management L.P. raised its position in KapStone Paper and Packaging Corp. by 212.6% in the second quarter. Point72 Asset Management L.P. now owns 780,550 shares of the company’s stock valued at $10,155,000 after buying an additional 530,850 shares during the period. 82.54% of the stock is currently owned by institutional investors.

About KapStone Paper and Packaging Corp.

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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