KapStone Paper and Packaging Corporation (NYSE:KS) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday.

KS has been the subject of a number of other research reports. BidaskClub cut shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Citigroup Inc. increased their target price on shares of KapStone Paper and Packaging Corporation from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 target price on shares of KapStone Paper and Packaging Corporation in a report on Friday, October 27th. Finally, BMO Capital Markets dropped their target price on shares of KapStone Paper and Packaging Corporation from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $26.38.

KapStone Paper and Packaging Corporation (NYSE KS) traded up $0.15 on Wednesday, reaching $20.95. 773,400 shares of the company traded hands, compared to its average volume of 995,973. KapStone Paper and Packaging Corporation has a 1-year low of $19.59 and a 1-year high of $24.98. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25. The company has a market capitalization of $2,016.70, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.41 and a beta of 2.80.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging Corporation had a return on equity of 11.12% and a net margin of 2.29%. The firm had revenue of $868.42 million for the quarter, compared to the consensus estimate of $839.36 million. During the same period in the prior year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. sell-side analysts anticipate that KapStone Paper and Packaging Corporation will post 1.11 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in KS. Teachers Advisors LLC increased its position in KapStone Paper and Packaging Corporation by 3.7% during the 1st quarter. Teachers Advisors LLC now owns 153,345 shares of the basic materials company’s stock valued at $3,542,000 after purchasing an additional 5,404 shares during the period. PNC Financial Services Group Inc. increased its position in KapStone Paper and Packaging Corporation by 389.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,943 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 7,912 shares during the period. Geode Capital Management LLC increased its position in KapStone Paper and Packaging Corporation by 7.6% during the 1st quarter. Geode Capital Management LLC now owns 668,676 shares of the basic materials company’s stock valued at $15,446,000 after purchasing an additional 47,412 shares during the period. Morgan Stanley increased its position in KapStone Paper and Packaging Corporation by 5.8% during the 1st quarter. Morgan Stanley now owns 378,024 shares of the basic materials company’s stock valued at $8,732,000 after purchasing an additional 20,576 shares during the period. Finally, New York State Teachers Retirement System increased its position in KapStone Paper and Packaging Corporation by 0.9% during the 1st quarter. New York State Teachers Retirement System now owns 78,551 shares of the basic materials company’s stock valued at $1,815,000 after purchasing an additional 700 shares during the period. 85.14% of the stock is owned by institutional investors and hedge funds.

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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