Wells Fargo & Co. downgraded shares of KapStone Paper and Packaging Corp. (NYSE:KS) from an outperform rating to a market perform rating in a report published on Monday.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research raised KapStone Paper and Packaging Corp. from a sell rating to a hold rating in a research report on Tuesday, August 2nd. Deutsche Bank AG upped their target price on KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the company a hold rating in a research report on Wednesday, August 10th. Bank of America Corp. raised KapStone Paper and Packaging Corp. from an underperform rating to a neutral rating and set a $18.00 target price on the stock in a research report on Monday, August 29th. Standpoint Research lowered KapStone Paper and Packaging Corp. from a buy rating to a hold rating in a research report on Friday, September 16th. Finally, Dundee Securities lowered KapStone Paper and Packaging Corp. from a buy rating to a neutral rating in a research report on Monday, September 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. KapStone Paper and Packaging Corp. has a consensus rating of Hold and an average price target of $20.12.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) traded down 0.70% during trading on Monday, reaching $19.97. 233,099 shares of the company’s stock traded hands. The company has a 50 day moving average price of $19.32 and a 200 day moving average price of $16.58. KapStone Paper and Packaging Corp. has a 1-year low of $8.95 and a 1-year high of $24.91. The stock has a market capitalization of $1.93 billion, a PE ratio of 24.35 and a beta of 2.79.

KapStone Paper and Packaging Corp. (NYSE:KS) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by $0.02. The company had revenue of $776.64 million for the quarter, compared to analyst estimates of $801.55 million. KapStone Paper and Packaging Corp. had a return on equity of 11.30% and a net margin of 2.60%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. On average, equities analysts forecast that KapStone Paper and Packaging Corp. will post $1.13 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. ProShare Advisors LLC raised its stake in shares of KapStone Paper and Packaging Corp. by 0.6% in the second quarter. ProShare Advisors LLC now owns 19,462 shares of the company’s stock valued at $253,000 after buying an additional 124 shares during the period. BlackRock Inc. raised its stake in shares of KapStone Paper and Packaging Corp. by 0.6% in the third quarter. BlackRock Inc. now owns 23,089 shares of the company’s stock valued at $436,000 after buying an additional 144 shares during the period. Capstone Asset Management Co. raised its stake in shares of KapStone Paper and Packaging Corp. by 0.8% in the third quarter. Capstone Asset Management Co. now owns 25,222 shares of the company’s stock valued at $477,000 after buying an additional 190 shares during the period. American International Group Inc. raised its stake in shares of KapStone Paper and Packaging Corp. by 0.5% in the third quarter. American International Group Inc. now owns 64,484 shares of the company’s stock valued at $1,220,000 after buying an additional 289 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of KapStone Paper and Packaging Corp. by 1.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 27,050 shares of the company’s stock valued at $512,000 after buying an additional 310 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

KapStone Paper and Packaging Corp. Company Profile

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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