KapStone Paper and Packaging Corporation (NYSE:KS)‘s stock had its “hold” rating restated by equities research analysts at KeyCorp in a research report issued to clients and investors on Thursday.

A number of other brokerages have also recently issued reports on KS. Zacks Investment Research upgraded shares of KapStone Paper and Packaging Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub cut shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. ValuEngine upgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BMO Capital Markets restated a “buy” rating and set a $28.00 target price on shares of KapStone Paper and Packaging Corporation in a research report on Tuesday, July 18th. Finally, Citigroup Inc. started coverage on shares of KapStone Paper and Packaging Corporation in a research report on Wednesday, August 16th. They set a “buy” rating and a $25.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $26.29.

Shares of KapStone Paper and Packaging Corporation (NYSE:KS) opened at 22.50 on Thursday. The company’s 50-day moving average is $22.29 and its 200 day moving average is $21.94. KapStone Paper and Packaging Corporation has a 52 week low of $17.06 and a 52 week high of $24.98. The stock has a market cap of $2.18 billion, a PE ratio of 29.64 and a beta of 2.77.

KapStone Paper and Packaging Corporation (NYSE:KS) last announced its earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 net margin of 2.39% and a return on equity of 11.26%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. Analysts forecast that KapStone Paper and Packaging Corporation will post $1.26 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/14/keycorp-reiterates-hold-rating-for-kapstone-paper-and-packaging-corporation-ks.html.

In other news, VP Randy J. Nebel sold 10,000 shares of the business’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 completion of the transaction, the vice president now owns 47,404 shares of the company’s stock, valued at $1,137,696. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 13.09% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KS. First Trust Advisors LP grew its holdings in KapStone Paper and Packaging Corporation by 26.3% in the first quarter. First Trust Advisors LP now owns 84,630 shares of the basic materials company’s stock valued at $1,955,000 after purchasing an additional 17,621 shares during the period. UBS Asset Management Americas Inc. grew its holdings in KapStone Paper and Packaging Corporation by 34.4% in the first quarter. UBS Asset Management Americas Inc. now owns 57,413 shares of the basic materials company’s stock valued at $1,326,000 after purchasing an additional 14,682 shares during the period. Karp Capital Management Corp purchased a new stake in KapStone Paper and Packaging Corporation in the first quarter valued at approximately $465,000. Parametric Portfolio Associates LLC grew its holdings in KapStone Paper and Packaging Corporation by 28.6% in the first quarter. Parametric Portfolio Associates LLC now owns 212,619 shares of the basic materials company’s stock valued at $4,911,000 after purchasing an additional 47,288 shares during the period. Finally, Oxford Asset Management purchased a new stake in KapStone Paper and Packaging Corporation in the first quarter valued at approximately $529,000. Hedge funds and other institutional investors own 83.89% 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)

Receive News & Stock Ratings for KapStone Paper and Packaging Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KapStone Paper and Packaging Corporation and related stocks with our FREE daily email newsletter.