Citigroup Inc. started coverage on shares of KapStone Paper and Packaging Corporation (NYSE:KS) in a report published on Wednesday morning, MarketBeat reports. The brokerage issued a buy rating and a $25.00 price objective on the basic materials company’s stock.

Several other equities research analysts have also recently issued reports on KS. Zacks Investment Research cut shares of KapStone Paper and Packaging Corporation from a hold rating to a sell rating in a research report on Wednesday, April 19th. Vertical Research cut shares of KapStone Paper and Packaging Corporation from a buy rating to a hold rating in a research report on Thursday, April 27th. Deutsche Bank AG raised their target price on shares of KapStone Paper and Packaging Corporation from $26.00 to $28.00 and gave the stock a buy rating in a research report on Tuesday, April 25th. Royal Bank Of Canada reissued a buy rating on shares of KapStone Paper and Packaging Corporation in a research report on Friday, April 28th. Finally, BidaskClub cut shares of KapStone Paper and Packaging Corporation from a buy rating to a hold rating in a research report on Saturday, July 8th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $26.14.

Shares of KapStone Paper and Packaging Corporation (NYSE KS) opened at 22.76 on Wednesday. The stock has a 50 day moving average of $22.30 and a 200-day moving average of $22.23. KapStone Paper and Packaging Corporation has a 1-year low of $14.56 and a 1-year high of $24.98. The stock has a market capitalization of $2.21 billion, a P/E ratio of 29.99 and a beta of 2.84.

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, hitting the Thomson Reuters’ consensus estimate of $0.27. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The company had revenue of $822.70 million for the quarter, compared to analysts’ expectations of $831.52 million. During the same period last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts predict that KapStone Paper and Packaging Corporation will post $1.27 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 1.76%. KapStone Paper and Packaging Corporation’s payout ratio is 51.95%.

In related news, VP Randy J. Nebel sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 47,404 shares in the company, valued at $1,137,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 13.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in KapStone Paper and Packaging Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock worth $106,000 after buying an additional 771 shares in the last quarter. Flinton Capital Management LLC raised its stake in KapStone Paper and Packaging Corporation by 7.9% in the first quarter. Flinton Capital Management LLC now owns 5,100 shares of the basic materials company’s stock worth $118,000 after buying an additional 374 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in KapStone Paper and Packaging Corporation by 4.2% in the second quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock worth $123,000 after buying an additional 239 shares in the last quarter. Invictus RG purchased a new stake in KapStone Paper and Packaging Corporation during the first quarter worth about $153,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in KapStone Paper and Packaging Corporation during the first quarter worth about $172,000. Institutional investors own 81.16% 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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