Shares of KapStone Paper and Packaging Corporation (NYSE:KS) have earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $26.50.

A number of research firms have issued reports on KS. Vertical Research upgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 3rd. ValuEngine upgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. BidaskClub lowered shares of 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 shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, July 19th. Finally, BMO Capital Markets restated a “buy” rating and set a $28.00 price target on shares of KapStone Paper and Packaging Corporation in a report on Tuesday, July 18th.

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KapStone Paper and Packaging Corporation (NYSE KS) traded down 0.57% during midday trading on Wednesday, reaching $22.49. 332,661 shares of the company’s stock traded hands. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 29.63 and a beta of 2.77. KapStone Paper and Packaging Corporation has a 52 week low of $17.06 and a 52 week high of $24.98. The company’s 50-day moving average price is $22.16 and its 200 day moving average price is $21.98.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $822.70 million for the quarter, compared to the consensus estimate 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 firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. On average, equities research analysts expect that KapStone Paper and Packaging Corporation will post $1.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, September 28th. KapStone Paper and Packaging Corporation’s dividend payout ratio is 51.95%.

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 transaction of $240,000.00. Following the completion of the sale, the vice president now directly owns 47,404 shares of the company’s stock, valued at approximately $1,137,696. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.09% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in KapStone Paper and Packaging Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 771 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in KapStone Paper and Packaging Corporation by 4.2% during the second quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 239 shares during the period. Invictus RG bought a new stake in KapStone Paper and Packaging Corporation during the first quarter valued at about $153,000. Ameritas Investment Partners Inc. bought a new stake in KapStone Paper and Packaging Corporation during the first quarter valued at about $172,000. Finally, Riverhead Capital Management LLC boosted its holdings in KapStone Paper and Packaging Corporation by 77.3% during the second quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock valued at $183,000 after acquiring an additional 3,864 shares during the period. Hedge funds and other institutional investors own 83.89% of the company’s stock.

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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