KapStone Paper and Packaging (KS) Raised to Buy at ValuEngine

KapStone Paper and Packaging (NYSE:KS) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other equities research analysts have also recently issued reports on KS. Zacks Investment Research cut shares of KapStone Paper and Packaging from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $27.00 price target on shares of KapStone Paper and Packaging in a research note on Friday, October 27th. BMO Capital Markets decreased their price target on shares of KapStone Paper and Packaging from $28.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. Citigroup raised their price target on shares of KapStone Paper and Packaging from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, KeyCorp reaffirmed a “hold” rating on shares of KapStone Paper and Packaging in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $26.38.

KapStone Paper and Packaging (NYSE:KS) opened at $22.11 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. KapStone Paper and Packaging has a twelve month low of $19.59 and a twelve month high of $24.98. The firm has a market cap of $2,143.72, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.50 and a beta of 2.77.

KapStone Paper and Packaging (NYSE:KS) last posted its earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging had a net margin of 2.29% and a return on equity of 11.12%. The business had revenue of $868.42 million for the quarter, compared to analysts’ expectations of $839.36 million. During the same quarter last year, the business posted $0.37 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. equities research analysts anticipate that KapStone Paper and Packaging will post 1.11 earnings per share for the current fiscal year.

In related news, Director John Chapman sold 70,765 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $20.80, for a total value of $1,471,912.00. Following the sale, the director now directly owns 445,056 shares of the company’s stock, valued at $9,257,164.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Andrea K. Tarbox sold 32,486 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $20.95, for a total transaction of $680,581.70. Following the completion of the sale, the vice president now directly owns 157,336 shares in the company, valued at $3,296,189.20. The disclosure for this sale can be found here. 13.09% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in KS. Victory Capital Management Inc. lifted its position in KapStone Paper and Packaging by 25,123.5% during the third quarter. Victory Capital Management Inc. now owns 1,297,750 shares of the basic materials company’s stock valued at $27,888,000 after buying an additional 1,292,605 shares in the last quarter. Point72 Asset Management L.P. lifted its position in KapStone Paper and Packaging by 51.9% during the third quarter. Point72 Asset Management L.P. now owns 3,360,888 shares of the basic materials company’s stock valued at $72,225,000 after buying an additional 1,148,963 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in KapStone Paper and Packaging during the second quarter valued at approximately $14,866,000. Emerald Advisers Inc. PA acquired a new position in KapStone Paper and Packaging during the third quarter valued at approximately $9,167,000. Finally, Voya Investment Management LLC lifted its position in KapStone Paper and Packaging by 23.3% during the second quarter. Voya Investment Management LLC now owns 1,855,316 shares of the basic materials company’s stock valued at $38,276,000 after buying an additional 351,094 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

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KapStone Paper and Packaging 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.

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

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