Equities research analysts at Citigroup Inc. started coverage on shares of KapStone Paper and Packaging Corporation (NYSE:KS) in a research note issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the basic materials company’s stock.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada restated a “buy” rating and set a $26.00 price target on shares of KapStone Paper and Packaging Corporation in a research note on Tuesday, April 18th. Zacks Investment Research lowered KapStone Paper and Packaging Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. ValuEngine lowered KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. BidaskClub upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Vertical Research lowered KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $26.33.

KapStone Paper and Packaging Corporation (NYSE KS) opened at 21.89 on Wednesday. The stock’s 50 day moving average price is $22.11 and its 200-day moving average price is $22.22. KapStone Paper and Packaging Corporation has a 12-month low of $14.56 and a 12-month high of $24.98. The stock has a market capitalization of $2.12 billion, a PE ratio of 28.84 and a beta of 2.84.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The firm 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%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. Analysts expect that KapStone Paper and Packaging Corporation will post $1.26 earnings per share for the current year.

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In other news, VP Randy J. Nebel sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the vice president now owns 47,404 shares of the company’s stock, valued at $1,137,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David P. Storch bought 5,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was bought at an average cost of $20.00 per share, with a total value of $100,000.00. Following the transaction, the director now directly 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.

Several large investors have recently modified their holdings of the company. Beacon Capital Management bought a new stake in shares of KapStone Paper and Packaging Corporation during the fourth quarter valued at $0. Assetmark bought a new stake in shares of KapStone Paper and Packaging Corporation during the third quarter valued at $0. J. Goldman & Company bought a new stake in shares of KapStone Paper and Packaging Corporation during the third quarter valued at $19,000. Flinton Capital Management LLC bought a new stake in shares of KapStone Paper and Packaging Corporation during the fourth quarter valued at $104,000. Finally, Victory Capital Management Inc. increased its stake in shares of KapStone Paper and Packaging Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock valued at $106,000 after buying an additional 771 shares during the last quarter. 81.16% of the stock is owned by institutional investors.

KapStone Paper and Packaging Corporation Company Profile

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.

The Fly

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

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