KapStone Paper and Packaging Corporation (NYSE:KS)‘s stock had its “hold” rating restated by equities researchers at KeyCorp in a research note issued on Thursday.

A number of other equities analysts also recently weighed in on KS. BidaskClub downgraded shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine downgraded shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Zacks Investment Research raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Wednesday, July 19th. Vertical Research raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 3rd. Finally, BMO Capital Markets reissued a “buy” rating and set a $28.00 target price on shares of KapStone Paper and Packaging Corporation in a research note on Tuesday, July 18th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $26.29.

Shares of KapStone Paper and Packaging Corporation (KS) traded up 0.58% during mid-day trading on Thursday, hitting $22.44. 915,107 shares of the company’s stock traded hands. The firm has a 50-day moving average of $22.24 and a 200 day moving average of $21.94. The company has a market cap of $2.18 billion, a PE ratio of 29.57 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.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share (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 the consensus estimate 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 revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. Equities research analysts predict that KapStone Paper and Packaging Corporation will post $1.26 EPS for the current year.

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In other KapStone Paper and Packaging Corporation news, VP Randy J. Nebel sold 10,000 shares of KapStone Paper and Packaging Corporation 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 sale, the vice president now directly owns 47,404 shares of the company’s stock, valued at $1,137,696. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 13.09% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in KapStone Paper and Packaging Corporation by 53,613.8% during the first quarter. BlackRock Inc. now owns 11,283,124 shares of the basic materials company’s stock worth $260,641,000 after purchasing an additional 11,262,118 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in KapStone Paper and Packaging Corporation by 780.7% during the first quarter. Macquarie Group Ltd. now owns 1,836,358 shares of the basic materials company’s stock worth $42,420,000 after purchasing an additional 1,627,858 shares during the last quarter. Bank of America Corp DE boosted its holdings in KapStone Paper and Packaging Corporation by 191.6% during the first quarter. Bank of America Corp DE now owns 1,316,332 shares of the basic materials company’s stock worth $30,407,000 after purchasing an additional 864,971 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in KapStone Paper and Packaging Corporation during the second quarter worth about $14,866,000. Finally, Point72 Asset Management L.P. purchased a new position in KapStone Paper and Packaging Corporation during the first quarter worth about $13,955,000. Hedge funds and other institutional investors own 83.89% of the company’s stock.

About KapStone Paper and Packaging Corporation

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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