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Shares of KapStone Paper and Packaging Corp. (NYSE:KS) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 2,388,651 shares, a growth of 43.6% from the July 15th total of 1,663,339 shares, Stock Ratings Network reports. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 1,398,135 shares, the days-to-cover ratio is currently 1.7 days.

In other KapStone Paper and Packaging Corp. news, Director Robert J. Bahash acquired 5,000 shares of KapStone Paper and Packaging Corp. stock on the open market in a transaction dated Tuesday, August 12th. The stock was purchased at an average price of $29.92 per share, with a total value of $149,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

KS has been the subject of a number of recent research reports. Analysts at Deutsche Bank upgraded shares of KapStone Paper and Packaging Corp. from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $36.00 price target on the stock, up previously from $26.00. Separately, 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. Finally, analysts at Vertical Research downgraded shares of KapStone Paper and Packaging Corp. to a “hold” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $42.72.

KapStone Paper and Packaging Corp. (NYSE:KS) opened at 30.67 on Wednesday. KapStone Paper and Packaging Corp. has a 52-week low of $20.39 and a 52-week high of $34.43. The stock has a 50-day moving average of $30.40 and a 200-day moving average of $29.36. The company has a market cap of $2.942 billion and a P/E ratio of 17.37.

KapStone Paper and Packaging Corp. (NYSE:KS) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 81.0% on a year-over-year basis. Analysts expect that KapStone Paper and Packaging Corp. will post $2.18 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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