KapStone Paper and Packaging Corporation (KS) Upgraded at BidaskClub

BidaskClub upgraded shares of KapStone Paper and Packaging Corporation (NYSE:KS) from a hold rating to a buy rating in a report published on Monday, July 24th.

A number of other research firms have also recently commented on KS. Royal Bank Of Canada reiterated a buy rating and set a $26.00 target price on shares of KapStone Paper and Packaging Corporation in a research report on Tuesday, April 18th. Zacks Investment Research lowered KapStone Paper and Packaging Corporation from a hold rating to a sell rating in a report on Thursday, June 29th. ValuEngine lowered KapStone Paper and Packaging Corporation from a buy rating to a hold rating in a report on Thursday, June 8th. Vertical Research lowered KapStone Paper and Packaging Corporation from a buy rating to a hold rating in a report on Thursday, April 27th. Finally, Barclays PLC lowered their price target on KapStone Paper and Packaging Corporation from $24.00 to $22.00 and set an equal weight rating on the stock in a report on Monday, May 1st. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $26.33.

Shares of KapStone Paper and Packaging Corporation (NYSE KS) opened at 21.69 on Monday. KapStone Paper and Packaging Corporation has a 1-year low of $14.56 and a 1-year high of $24.98. The firm’s 50-day moving average price is $22.04 and its 200 day moving average price is $22.29. The stock has a market cap of $2.10 billion, a P/E ratio of 28.58 and a beta of 2.84.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.27. KapStone Paper and Packaging Corporation had a return on equity of 11.26% and a net margin of 2.39%. The business had revenue of $822.70 million for the quarter, compared to analysts’ expectations of $831.52 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that KapStone Paper and Packaging Corporation will post $1.26 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, September 28th. KapStone Paper and Packaging Corporation’s dividend payout ratio is presently 51.95%.

In other news, VP Randy J. Nebel sold 10,000 shares of KapStone Paper and Packaging Corporation stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the vice president now directly owns 47,404 shares in the company, valued at approximately $1,137,696. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David P. Storch purchased 5,000 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of $20.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now directly owns 45,127 shares in the company, valued at approximately $902,540. The disclosure for this purchase can be found here. 13.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP increased its position in shares of KapStone Paper and Packaging Corporation by 26.3% in the first quarter. First Trust Advisors LP now owns 84,630 shares of the basic materials company’s stock valued at $1,955,000 after buying an additional 17,621 shares during the period. IndexIQ Advisors LLC increased its position in shares of KapStone Paper and Packaging Corporation by 108.5% in the first quarter. IndexIQ Advisors LLC now owns 37,283 shares of the basic materials company’s stock valued at $861,000 after buying an additional 19,398 shares during the period. Great West Life Assurance Co. Can increased its position in shares of KapStone Paper and Packaging Corporation by 2.1% in the first quarter. Great West Life Assurance Co. Can now owns 210,288 shares of the basic materials company’s stock valued at $4,859,000 after buying an additional 4,289 shares during the period. Canada Pension Plan Investment Board increased its position in shares of KapStone Paper and Packaging Corporation by 420.8% in the first quarter. Canada Pension Plan Investment Board now owns 65,100 shares of the basic materials company’s stock valued at $1,504,000 after buying an additional 52,600 shares during the period. Finally, Adams Diversified Equity Fund Inc. increased its position in shares of KapStone Paper and Packaging Corporation by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 46,600 shares of the basic materials company’s stock valued at $1,076,000 after buying an additional 1,300 shares during the period. Institutional investors own 82.03% of the company’s stock.

KapStone Paper and Packaging Corporation Company Profile

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

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