Equities researchers at BMO Capital Markets boosted their target price on shares of KapStone Paper and Packaging (NYSE: KS) from $32.00 to $33.00 in a report issued on Monday. The firm currently has an “outperform” rating on the stock.

KapStone Paper and Packaging traded up 0.71% on Monday, hitting $26.99. KapStone Paper and Packaging has a 1-year low of $14.82 and a 1-year high of $27.02. The stock’s 50-day moving average is currently $24.80. The company has a market cap of $1.268 billion and a price-to-earnings ratio of 20.46.

KapStone Paper and Packaging last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.01. The company had revenue of $301.00 million for the quarter, compared to the consensus estimate of $302.68 million. During the same quarter last year, the company posted $0.29 earnings per share. KapStone Paper and Packaging’s revenue was up 12.0% compared to the same quarter last year. Analysts expect that KapStone Paper and Packaging will post $2.07 EPS for the current fiscal year.

Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of KapStone Paper and Packaging in a research note to investors on Friday, February 15th. They now have a $28.00 price target on the stock, up previously from $26.00.

KapStone Paper and Packaging Corporation (KapStone) produces and sells a variety of unbleached kraft, linerboard, saturating kraft and unbleached folding carton board in the United States and worldwide.

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