Share on StockTwits

KapStone Paper and Packaging Corp. (NYSE:KS) Director Robert J. Bahash bought 5,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average cost of $29.92 per share, for a total transaction of $149,600.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $149,600. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) traded up 0.61% during mid-day trading on Wednesday, hitting $29.70. 914,447 shares of the company’s stock traded hands. KapStone Paper and Packaging Corp. has a one year low of $20.39 and a one year high of $34.43. The stock’s 50-day moving average is $30.79 and its 200-day moving average is $29.26. The company has a market cap of $2.849 billion and a P/E ratio of 16.69. KapStone Paper and Packaging Corp. also saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 2,388,651 shares, an increase of 43.6% from the July 15th total of 1,663,339 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average trading volume of 1,398,135 shares, the days-to-cover ratio is currently 1.7 days.

KapStone Paper and Packaging Corp. (NYSE:KS) last posted its earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.60 by $0.02. The company had revenue of $590.00 million for the quarter, compared to the consensus estimate of $574.30 million. During the same quarter last year, the company posted $0.44 earnings per share. KapStone Paper and Packaging Corp.’s revenue was up 81.0% compared to the same quarter last year. Analysts expect that KapStone Paper and Packaging Corp. will post $2.18 EPS for the current fiscal year.

A number of research firms have recently commented on KS. Analysts at Zacks downgraded shares of KapStone Paper and Packaging Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, August 7th. They now have a $29.30 price target on the stock. Separately, analysts at Vertical Research downgraded shares of KapStone Paper and Packaging Corp. to a “hold” rating in a research note on Thursday, July 31st. Finally, analysts at KeyCorp raised their price target on shares of KapStone Paper and Packaging Corp. from $30.00 to $35.00 in a research note on Wednesday, June 11th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. KapStone Paper and Packaging Corp. has an average rating of “Hold” and a consensus price target of $44.72.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.