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KapStone Paper and Packaging Corp. (NYSE:KS) Director Ronald J. Gidwitz sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $32.32, for a total transaction of $323,200.00. Following the completion of the transaction, the director now directly owns 95,196 shares in the company, valued at approximately $3,076,735. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) traded up 0.28% on Thursday, hitting $32.64. The stock had a trading volume of 1,921,397 shares. 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 $30.47 and a 200-day moving average of $29.52. The company has a market cap of $3.131 billion and a price-to-earnings ratio of 18.40.

KapStone Paper and Packaging Corp. (NYSE:KS) last issued its quarterly earnings data 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.

KS has been the subject of a number of recent research reports. Analysts at BMO Capital Markets initiated coverage on shares of KapStone Paper and Packaging Corp. in a research note on Thursday. They set a “market perform” rating and a $31.00 price target on the stock. Separately, 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, August 18th. They now have a $36.00 price target on the stock, up previously from $26.00. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $38.22.

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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