KapStone Paper & Packaging Corp. Downgraded to Neutral at Zacks (KS)
KapStone Paper & Packaging Corp. (NYSE:KS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday, AnalystRatings.Net reports. They currently have a $51.40 price objective on the stock. Zacks‘ target price would suggest a potential upside of 14.94% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp raised their price target on shares of KapStone Paper & Packaging Corp. from $43.00 to $52.00 in a research note to investors on Tuesday, August 6th. Separately, analysts at BMO Capital Markets raised their price target on shares of KapStone Paper & Packaging Corp. from $50.00 to $52.00 in a research note to investors on Friday, August 2nd. Finally, analysts at Deutsche Bank upgraded shares of KapStone Paper & Packaging Corp. from a “sell” rating to a “hold” rating in a research note to investors on Thursday, August 1st. They now have a GBX 42 ($0.67) price target on the stock, up previously from GBX 38 ($0.61). Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. KapStone Paper & Packaging Corp. has a consensus rating of “Buy” and an average target price of $49.35.
KapStone Paper & Packaging Corp. (NYSE:KS) traded down 0.94% during mid-day trading on Monday, hitting $44.30. The stock had a trading volume of 145,757 shares. KapStone Paper & Packaging Corp. has a 52-week low of $19.24 and a 52-week high of $50.10. The stock’s 50-day moving average is $43.48 and its 200-day moving average is $36.81. The company has a market cap of $2.112 billion and a P/E ratio of 31.47.
KapStone Paper & Packaging Corp. (NYSE:KS) last released its earnings data on Wednesday, July 31st. The company reported $0.44 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.44. The company had revenue of $326.32 million for the quarter, compared to the consensus estimate of $326.63 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis.
KapStone Paper and Packaging Corporation (NYSE:KS) is an integrated manufacture and sale of unbleached kraft paper and corrugated products for industrial and consumer markets.
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