Several brokerages have updated their recommendations and price targets on shares of KapStone Paper and Packaging Corporation (NYSE: KS) in the last few weeks:

  • 7/29/2017 – KapStone Paper and Packaging Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “KAPSTONE PAPER & PACKAGING CORPORATION was formed to effect a business combination with a suitable operating business in the paper, packaging, forest products and related industries. Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is a leading North American producer of kraft paper and inflatable dunnage bags. The Company is the parent corporation of KapStone Kraft Paper Corporation which includes a paper mill in Roanoke Rapids, NC, and RideRite, an inflatable dunnage bag manufacturer in Fordyce, AR. “
  • 7/24/2017 – KapStone Paper and Packaging Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/19/2017 – KapStone Paper and Packaging Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $25.00 price target on the stock. According to Zacks, “KAPSTONE PAPER & PACKAGING CORPORATION was formed to effect a business combination with a suitable operating business in the paper, packaging, forest products and related industries. Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is a leading North American producer of kraft paper and inflatable dunnage bags. The Company is the parent corporation of KapStone Kraft Paper Corporation which includes a paper mill in Roanoke Rapids, NC, and RideRite, an inflatable dunnage bag manufacturer in Fordyce, AR. “
  • 7/18/2017 – KapStone Paper and Packaging Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $28.00 price target on the stock.
  • 7/13/2017 – KapStone Paper and Packaging Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/12/2017 – KapStone Paper and Packaging Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “KAPSTONE PAPER & PACKAGING CORPORATION was formed to effect a business combination with a suitable operating business in the paper, packaging, forest products and related industries. Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is a leading North American producer of kraft paper and inflatable dunnage bags. The Company is the parent corporation of KapStone Kraft Paper Corporation which includes a paper mill in Roanoke Rapids, NC, and RideRite, an inflatable dunnage bag manufacturer in Fordyce, AR. “
  • 7/8/2017 – KapStone Paper and Packaging Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/3/2017 – KapStone Paper and Packaging Corporation was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating.
  • 6/29/2017 – KapStone Paper and Packaging Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “KAPSTONE PAPER & PACKAGING CORPORATION was formed to effect a business combination with a suitable operating business in the paper, packaging, forest products and related industries. Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is a leading North American producer of kraft paper and inflatable dunnage bags. The Company is the parent corporation of KapStone Kraft Paper Corporation which includes a paper mill in Roanoke Rapids, NC, and RideRite, an inflatable dunnage bag manufacturer in Fordyce, AR. “
  • 6/27/2017 – KapStone Paper and Packaging Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/24/2017 – KapStone Paper and Packaging Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/8/2017 – KapStone Paper and Packaging Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of KapStone Paper and Packaging Corporation (NYSE KS) traded down 0.22% on Monday, hitting $22.85. The stock had a trading volume of 72,905 shares. The company has a 50-day moving average of $21.77 and a 200-day moving average of $22.28. KapStone Paper and Packaging Corporation has a 52-week low of $14.56 and a 52-week high of $24.98. The company has a market cap of $2.21 billion, a P/E ratio of 30.11 and a beta of 2.84.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $822.70 million during the quarter, compared to analyst estimates of $831.52 million. KapStone Paper and Packaging Corporation had a return on equity of 11.26% and a net margin of 2.39%. KapStone Paper and Packaging Corporation’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, equities analysts anticipate that KapStone Paper and Packaging Corporation will post $1.26 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Thursday, June 29th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 27th. This represents a $0.40 dividend on an annualized basis and a yield of 1.75%. KapStone Paper and Packaging Corporation’s dividend payout ratio is currently 51.95%.

In other KapStone Paper and Packaging Corporation news, VP Randy J. Nebel sold 10,000 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the vice president now owns 47,404 shares in the company, valued at $1,137,696. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David P. Storch bought 5,000 shares of the stock in a transaction on Thursday, May 18th. The shares were bought at an average price of $20.00 per share, with a total value of $100,000.00. Following the acquisition, the director now owns 45,127 shares of the company’s stock, valued at $902,540. The disclosure for this purchase can be found here. 13.30% of the stock is owned by corporate insiders.

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

Receive News & Ratings for KapStone Paper and Packaging Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KapStone Paper and Packaging Corporation and related companies with MarketBeat.com's FREE daily email newsletter.