KapStone Paper and Packaging (KS) Lifted to “B-” at TheStreet

TheStreet upgraded shares of KapStone Paper and Packaging (NYSE:KS) from a c+ rating to a b- rating in a report issued on Monday morning.

KS has been the topic of several other research reports. ValuEngine raised shares of KapStone Paper and Packaging from a hold rating to a buy rating in a report on Friday, December 1st. Stephens assumed coverage on shares of KapStone Paper and Packaging in a report on Tuesday, October 24th. They issued an overweight rating and a $28.00 price target on the stock. Citigroup upped their price target on shares of KapStone Paper and Packaging from $25.00 to $26.00 and gave the company a buy rating in a report on Friday, October 27th. KeyCorp reaffirmed a hold rating on shares of KapStone Paper and Packaging in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of KapStone Paper and Packaging from a sell rating to a hold rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. KapStone Paper and Packaging has an average rating of Buy and a consensus target price of $26.63.

Shares of KapStone Paper and Packaging (NYSE KS) traded up $0.66 during midday trading on Monday, hitting $26.24. 774,645 shares of the company’s stock traded hands, compared to its average volume of 895,343. KapStone Paper and Packaging has a 12 month low of $19.59 and a 12 month high of $26.29. The stock has a market capitalization of $2,460.00, a P/E ratio of 34.99, a PEG ratio of 1.22 and a beta of 2.76. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 1.64.

KapStone Paper and Packaging (NYSE:KS) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging had a net margin of 2.29% and a return on equity of 11.12%. The business had revenue of $868.42 million during the quarter, compared to analysts’ expectations of $839.36 million. During the same period last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. equities research analysts expect that KapStone Paper and Packaging will post 1.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, December 28th. KapStone Paper and Packaging’s payout ratio is 53.33%.

In related news, VP Andrea K. Tarbox sold 32,486 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total transaction of $680,581.70. Following the transaction, the vice president now owns 157,336 shares of the company’s stock, valued at $3,296,189.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Chapman sold 70,765 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $20.80, for a total transaction of $1,471,912.00. Following the transaction, the director now directly owns 445,056 shares in the company, valued at approximately $9,257,164.80. The disclosure for this sale can be found here. Corporate insiders own 13.09% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. GSA Capital Partners LLP raised its stake in KapStone Paper and Packaging by 95.5% during the third quarter. GSA Capital Partners LLP now owns 113,234 shares of the basic materials company’s stock worth $2,433,000 after purchasing an additional 55,313 shares during the period. California Public Employees Retirement System raised its stake in KapStone Paper and Packaging by 1.5% during the third quarter. California Public Employees Retirement System now owns 167,100 shares of the basic materials company’s stock worth $3,591,000 after purchasing an additional 2,500 shares during the period. Cubist Systematic Strategies LLC raised its stake in KapStone Paper and Packaging by 1,310.9% during the third quarter. Cubist Systematic Strategies LLC now owns 24,635 shares of the basic materials company’s stock worth $529,000 after purchasing an additional 22,889 shares during the period. Point72 Asset Management L.P. raised its stake in KapStone Paper and Packaging by 51.9% during the third quarter. Point72 Asset Management L.P. now owns 3,360,888 shares of the basic materials company’s stock worth $72,225,000 after purchasing an additional 1,148,963 shares during the period. Finally, Atlantic Investment Management Inc. raised its stake in KapStone Paper and Packaging by 26.7% during the third quarter. Atlantic Investment Management Inc. now owns 190,000 shares of the basic materials company’s stock worth $4,083,000 after purchasing an additional 40,000 shares during the period. 86.08% of the stock is currently owned by institutional investors.

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KapStone Paper and Packaging 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 (NYSE:KS)

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