KapStone Paper and Packaging Corp. (NYSE:KS) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday, The Fly reports.

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

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

KapStone Paper and Packaging Corp. (NYSE:KS) traded up 5.21% during trading on Wednesday, reaching $19.20. 2,982,907 shares of the company’s stock traded hands. KapStone Paper and Packaging Corp. has a 12 month low of $8.95 and a 12 month high of $24.91. The firm has a 50 day moving average price of $16.58 and a 200-day moving average price of $14.79. The firm has a market cap of $1.85 billion, a PE ratio of 22.59 and a beta of 2.49.

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KapStone Paper and Packaging Corp. (NYSE:KS) last issued its quarterly 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. KapStone Paper and Packaging Corp. had a net margin of 2.68% and a return on equity of 12.64%. The business earned $784.91 million during the quarter, compared to analyst estimates of $820.11 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. On average, analysts forecast that KapStone Paper and Packaging Corp. will post $1.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.08%. KapStone Paper and Packaging Corp.’s dividend payout ratio is presently 47.06%.

In other news, Director Jonathan R. Furer sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $15.09, for a total transaction of $377,250.00. Following the transaction, the director now directly owns 1,189,400 shares in the company, valued at approximately $17,948,046. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fiera Capital Corp purchased a new position in KapStone Paper and Packaging Corp. during the second quarter valued at $21,892,000. JPMorgan Chase & Co. increased its stake in shares of KapStone Paper and Packaging Corp. by 34.7% in the first quarter. JPMorgan Chase & Co. now owns 5,537,681 shares of the company’s stock valued at $76,698,000 after buying an additional 1,426,731 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of KapStone Paper and Packaging Corp. by 223.0% in the first quarter. Prudential Financial Inc. now owns 1,866,632 shares of the company’s stock valued at $25,853,000 after buying an additional 1,288,670 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of KapStone Paper and Packaging Corp. by 212.6% in the second quarter. Point72 Asset Management L.P. now owns 780,550 shares of the company’s stock valued at $10,155,000 after buying an additional 530,850 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in shares of KapStone Paper and Packaging Corp. by 41.0% in the second quarter. Pictet Asset Management Ltd. now owns 1,654,815 shares of the company’s stock valued at $25,236,000 after buying an additional 481,576 shares during the last quarter. Institutional investors own 82.54% of the company’s stock.

KapStone Paper and Packaging Corp. Company Profile

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

The Fly

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