KapStone Paper and Packaging Corporation (KS) Now Covered by Analysts at Citigroup Inc.

Citigroup Inc. assumed coverage on shares of KapStone Paper and Packaging Corporation (NYSE:KS) in a report issued on Wednesday morning. The brokerage issued a buy rating and a $25.00 target price on the basic materials company’s stock.

Several other equities analysts have also recently commented on KS. ValuEngine cut shares of KapStone Paper and Packaging Corporation from a buy rating to a hold rating in a research report on Thursday, July 13th. BidaskClub raised shares of KapStone Paper and Packaging Corporation from a hold rating to a buy rating in a research report on Monday, July 24th. Zacks Investment Research cut shares of KapStone Paper and Packaging Corporation from a strong-buy rating to a hold rating in a research report on Saturday, July 29th. BMO Capital Markets reaffirmed a buy rating and set a $28.00 price target on shares of KapStone Paper and Packaging Corporation in a research report on Tuesday, July 18th. Finally, Barclays PLC reduced their price target on shares of KapStone Paper and Packaging Corporation from $24.00 to $22.00 and set an equal weight rating on the stock in a research report on Monday, May 1st. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $26.14.

KapStone Paper and Packaging Corporation (KS) traded up 0.56% during midday trading on Wednesday, hitting $23.21. The company had a trading volume of 441,890 shares. The stock’s 50-day moving average price is $22.19 and its 200-day moving average price is $22.23. The stock has a market cap of $2.25 billion, a PE ratio of 30.58 and a beta of 2.84. KapStone Paper and Packaging Corporation has a 52-week low of $14.56 and a 52-week high of $24.98.

KapStone Paper and Packaging Corporation (NYSE:KS) last issued its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The business had revenue of $822.70 million for the quarter, compared to analysts’ expectations of $831.52 million. During the same quarter last year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts expect that KapStone Paper and Packaging Corporation will post $1.26 EPS 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. Investors of record on Friday, September 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 1.73%. KapStone Paper and Packaging Corporation’s dividend payout ratio (DPR) is 51.95%.

In related news, VP Randy J. Nebel sold 10,000 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the vice president now owns 47,404 shares in the company, valued at $1,137,696. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.30% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in KapStone Paper and Packaging Corporation by 0.9% in the first quarter. State Street Corp now owns 2,045,971 shares of the basic materials company’s stock valued at $47,263,000 after buying an additional 18,772 shares during the period. Great West Life Assurance Co. Can raised its stake in 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. Oppenheimer Asset Management Inc. acquired a new stake in KapStone Paper and Packaging Corporation during the first quarter valued at $325,000. Motley Fool Wealth Management LLC raised its stake in KapStone Paper and Packaging Corporation by 5.1% in the first quarter. Motley Fool Wealth Management LLC now owns 171,537 shares of the basic materials company’s stock valued at $3,963,000 after buying an additional 8,288 shares during the period. Finally, Vivaldi Capital Management LLC acquired a new stake in KapStone Paper and Packaging Corporation during the first quarter valued at $4,191,957,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.

About KapStone Paper and Packaging Corporation

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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