KapStone Paper and Packaging Corp. (NYSE:KS)‘s stock had its “market perform” rating restated by analysts at Keefe, Bruyette & Woods in a research note issued on Wednesday.

Several other research analysts have also recently issued reports on the stock. Dundee Securities cut shares of KapStone Paper and Packaging Corp. from a “buy” rating to a “neutral” rating in a report on Monday, September 19th. Zacks Investment Research upgraded shares of KapStone Paper and Packaging Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Deutsche Bank AG increased their price objective on shares of KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, August 10th. BMO Capital Markets upgraded shares of KapStone Paper and Packaging Corp. from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $16.00 to $24.00 in a report on Wednesday, September 21st. Finally, Standpoint Research cut shares of KapStone Paper and Packaging Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. KapStone Paper and Packaging Corp. has a consensus rating of “Buy” and an average price target of $20.38.

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

KapStone Paper and Packaging Corp. (NYSE:KS) traded down 0.128% during mid-day trading on Wednesday, reaching $19.555. 389,324 shares of the company’s stock traded hands. KapStone Paper and Packaging Corp. has a 52-week low of $8.95 and a 52-week high of $24.91. The company has a 50-day moving average of $18.21 and a 200-day moving average of $15.49. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 23.006 and a beta of 2.61.

KapStone Paper and Packaging Corp. (NYSE:KS) last posted its earnings results on Wednesday, July 27th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by $0.02. KapStone Paper and Packaging Corp. had a return on equity of 12.64% and a net margin of 2.68%. The firm earned $784.91 million during the quarter, compared to the consensus estimate of $820.11 million. During the same quarter last year, the company posted $0.44 EPS. KapStone Paper and Packaging Corp.’s revenue for the quarter was up 16.9% on a year-over-year basis. Equities research analysts expect that KapStone Paper and Packaging Corp. will post $1.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.40 annualized dividend and a yield of 2.04%. KapStone Paper and Packaging Corp.’s dividend payout ratio is presently 47.06%.

In other KapStone Paper and Packaging Corp. news, Director Jonathan R. Furer sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $15.09, for a total value of $377,250.00. Following the transaction, the director now owns 1,189,400 shares in the company, valued at approximately $17,948,046. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 13.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of KapStone Paper and Packaging Corp. during the first quarter valued at approximately $793,000. Prudential Financial Inc. raised its position in shares of KapStone Paper and Packaging Corp. by 223.0% in the first quarter. Prudential Financial Inc. now owns 1,866,632 shares of the company’s stock valued at $25,853,000 after buying an additional 1,288,670 shares during the period. BlackRock Group LTD raised its position in shares of KapStone Paper and Packaging Corp. by 46.5% in the first quarter. BlackRock Group LTD now owns 271,515 shares of the company’s stock valued at $3,761,000 after buying an additional 86,157 shares during the period. BlackRock Fund Advisors raised its position in shares of KapStone Paper and Packaging Corp. by 1.3% in the first quarter. BlackRock Fund Advisors now owns 5,896,381 shares of the company’s stock valued at $81,665,000 after buying an additional 72,894 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of KapStone Paper and Packaging Corp. by 34.7% in the first quarter. JPMorgan Chase & Co. now owns 5,537,681 shares of the company’s stock valued at $76,698,000 after buying an additional 1,426,731 shares during the period. Institutional investors own 82.54% of the company’s stock.

About KapStone Paper and Packaging Corp.

KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.

5 Day Chart for NYSE:KS

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