KapStone Paper & Packaging Corp. Price Target Raised to $48.00 at Deutsche Bank (KS)
Investment analysts at Deutsche Bank upped their price objective on shares of KapStone Paper & Packaging Corp. (NYSE:KS) from $44.00 to $48.00 in a note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential downside of 4.44% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of KapStone Paper & Packaging Corp. in a research note to investors on Thursday. They now have a $56.00 price target on the stock, up previously from $52.00. Separately, analysts at Zacks downgraded shares of KapStone Paper & Packaging Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, October 7th. They now have a $51.40 price target on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. KapStone Paper & Packaging Corp. presently has an average rating of “Buy” and an average price target of $55.68.
Shares of KapStone Paper & Packaging Corp. (NYSE:KS) opened at 50.23 on Friday. KapStone Paper & Packaging Corp. has a 1-year low of $18.90 and a 1-year high of $53.09. The stock has a 50-day moving average of $45.30 and a 200-day moving average of $39.44. The company has a market cap of $2.395 billion and a price-to-earnings ratio of 36.57.
KapStone Paper & Packaging Corp. (NYSE:KS) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. The company had revenue of $539.00 million for the quarter, compared to the consensus estimate of $534.96 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 74.1% on a year-over-year basis. Analysts expect that KapStone Paper & Packaging Corp. will post $2.70 EPS for the current fiscal year.
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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