Shares of KapStone Paper and Packaging Corporation (NYSE:KS) have received an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $26.40.

KS has been the subject of several research analyst reports. Deutsche Bank AG increased their target price on KapStone Paper and Packaging Corporation from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Vertical Research upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 3rd. ValuEngine upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. BidaskClub lowered KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of KapStone Paper and Packaging Corporation in a research report on Friday, April 28th.

Shares of KapStone Paper and Packaging Corporation (KS) traded down 0.39% on Tuesday, reaching $22.76. 1,378,970 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $22.30 and its 200-day moving average price is $22.23. KapStone Paper and Packaging Corporation has a 52 week low of $14.56 and a 52 week high of $24.98. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 29.99 and a beta of 2.84.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The company had revenue of $822.70 million during the quarter, compared to analysts’ expectations of $831.52 million. KapStone Paper and Packaging Corporation had a return on equity of 11.26% and a net margin of 2.39%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. Equities analysts predict that KapStone Paper and Packaging Corporation will post $1.27 EPS for the current year.

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

In other KapStone Paper and Packaging Corporation news, VP Randy J. Nebel sold 10,000 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the vice president now directly owns 47,404 shares of the company’s stock, valued at $1,137,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.30% of the company’s stock.

A number of large investors have recently modified their holdings of KS. Flinton Capital Management LLC raised its stake in shares of 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 valued at $118,000 after buying an additional 374 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of 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 valued at $106,000 after buying an additional 771 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of 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 valued at $123,000 after buying an additional 239 shares in the last quarter. Invictus RG bought a new stake in shares of KapStone Paper and Packaging Corporation during the first quarter valued at $153,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of KapStone Paper and Packaging Corporation during the first quarter valued at $172,000. 81.16% of the stock is currently owned by hedge funds and other institutional investors.

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KapStone Paper and Packaging Corporation 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.

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

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