KapStone Paper & Packaging Corp. Hits New 52-Week High at $29.18 (KS)
Shares of KapStone Paper & Packaging Corp. (NYSE:KS) hit a new 52-week high during trading on Friday, Analyst Ratings News reports. The stock traded as high as $29.18 and last traded at $28.47, with a volume of 892,758 shares trading hands. The stock had previously closed at $28.00.
A number of analysts have recently weighed in on KS shares. 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 Tuesday, December 31st. They now have a $61.00 price target on the stock. Analysts at BMO Capital Markets downgraded shares of KapStone Paper & Packaging Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, November 18th. They now have a $58.00 price target on the stock, up previously from $56.00. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $58.00.
KapStone Paper & Packaging Corp. has a 52 week low of $12.065 and a 52 week high of $29.16. The stock has a 50-day moving average of $27.69 and a 200-day moving average of $24.4. The company has a market cap of $2.732 billion and a P/E ratio of 28.51.
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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