Shares of KapStone Paper and Packaging Corporation (NYSE:KS) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $26.50.

Several equities research analysts have recently commented on KS shares. Vertical Research upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 3rd. ValuEngine upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. BidaskClub lowered KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, July 19th. Finally, BMO Capital Markets restated a “buy” rating and issued a $28.00 price objective on shares of KapStone Paper and Packaging Corporation in a research note on Tuesday, July 18th.

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In related news, VP Randy J. Nebel sold 10,000 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the vice president now owns 47,404 shares of the company’s stock, valued at approximately $1,137,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 13.09% of the company’s stock.

A number of institutional investors have recently modified their holdings of KS. Victory Capital Management Inc. boosted its holdings in KapStone Paper and Packaging Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock worth $106,000 after buying an additional 771 shares during the period. Flinton Capital Management LLC boosted its holdings in KapStone Paper and Packaging Corporation by 7.9% in the 1st quarter. Flinton Capital Management LLC now owns 5,100 shares of the basic materials company’s stock worth $118,000 after buying an additional 374 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in KapStone Paper and Packaging Corporation by 4.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock worth $123,000 after buying an additional 239 shares during the period. Invictus RG bought a new position in KapStone Paper and Packaging Corporation in the 1st quarter worth $153,000. Finally, Ameritas Investment Partners Inc. bought a new position in KapStone Paper and Packaging Corporation in the 1st quarter worth $172,000. 83.90% of the stock is owned by institutional investors.

Shares of KapStone Paper and Packaging Corporation (NYSE:KS) traded up 0.31% during trading on Friday, reaching $22.35. The company’s stock had a trading volume of 1,415,520 shares. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 29.45 and a beta of 2.81. KapStone Paper and Packaging Corporation has a one year low of $16.91 and a one year high of $24.98. The firm’s 50-day moving average price is $22.27 and its 200-day moving average price is $22.03.

KapStone Paper and Packaging Corporation (NYSE:KS) last announced its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $822.70 million during the quarter, compared to analyst estimates of $831.52 million. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. On average, equities analysts anticipate that KapStone Paper and Packaging Corporation will post $1.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, September 28th. KapStone Paper and Packaging Corporation’s dividend payout ratio is currently 51.95%.

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.

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

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