KapStone Paper and Packaging Corp. (NYSE:KS) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages have also recently issued reports on KS. Standpoint Research cut KapStone Paper and Packaging Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 16th. Zacks Investment Research raised KapStone Paper and Packaging Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Deutsche Bank AG increased their target price on KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Dundee Securities cut KapStone Paper and Packaging Corp. from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, Bank of America Corp. raised KapStone Paper and Packaging Corp. from an “underperform” rating to a “neutral” rating and set a $18.00 target price on the stock in a research report on Monday, August 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $17.69.

Analyst Recommendations for KapStone Paper and Packaging Corp. (NYSE:KS)

KapStone Paper and Packaging Corp. (NYSE:KS) traded up 4.60% during mid-day trading on Wednesday, reaching $19.09. The company’s stock had a trading volume of 1,794,290 shares. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 22.46 and a beta of 2.49. KapStone Paper and Packaging Corp. has a one year low of $8.95 and a one year high of $24.91. The stock has a 50-day moving average price of $16.58 and a 200-day moving average price of $14.79.

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KapStone Paper and Packaging Corp. (NYSE:KS) last announced its earnings results on Wednesday, July 27th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.02. The company had revenue of $784.91 million for the quarter, compared to the consensus estimate of $820.11 million. KapStone Paper and Packaging Corp. had a net margin of 2.68% and a return on equity of 12.64%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same period last year, the business posted $0.44 EPS. Equities research analysts forecast that KapStone Paper and Packaging Corp. will post $1.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. KapStone Paper and Packaging Corp.’s dividend payout ratio (DPR) is 47.06%.

In related news, Director Jonathan R. Furer sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $15.09, for a total value of $377,250.00. Following the completion of the transaction, the director now owns 1,189,400 shares in the company, valued at approximately $17,948,046. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of KS. ProShare Advisors LLC raised its position in shares of KapStone Paper and Packaging Corp. by 0.6% in the second quarter. ProShare Advisors LLC now owns 19,462 shares of the company’s stock worth $253,000 after buying an additional 124 shares during the period. PineBridge Investments L.P. raised its position in KapStone Paper and Packaging Corp. by 4.0% in the second quarter. PineBridge Investments L.P. now owns 10,894 shares of the company’s stock worth $141,000 after buying an additional 415 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in KapStone Paper and Packaging Corp. by 0.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 58,898 shares of the company’s stock worth $766,000 after buying an additional 445 shares during the last quarter. Arizona State Retirement System raised its position in KapStone Paper and Packaging Corp. by 1.4% in the second quarter. Arizona State Retirement System now owns 44,551 shares of the company’s stock worth $580,000 after buying an additional 600 shares during the last quarter. Finally, Capstone Asset Management Co. raised its position in KapStone Paper and Packaging Corp. by 3.0% in the second quarter. Capstone Asset Management Co. now owns 25,032 shares of the company’s stock worth $326,000 after buying an additional 720 shares during the last quarter. Institutional investors own 82.54% of the company’s stock.

About KapStone Paper and Packaging Corp.

KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.

5 Day Chart for NYSE:KS

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