ValuEngine upgraded shares of KapStone Paper and Packaging (NYSE:KS) from a hold rating to a buy rating in a report issued on Friday.

Other analysts have also recently issued research reports about the stock. BidaskClub cut shares of KapStone Paper and Packaging from a buy rating to a hold rating in a report on Wednesday, August 23rd. Citigroup lifted 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. Royal Bank Of Canada restated a buy rating and set a $27.00 target price on shares of KapStone Paper and Packaging in a report on Friday, October 27th. Zacks Investment Research cut shares of KapStone Paper and Packaging from a hold rating to a sell rating in a report on Tuesday, October 31st. Finally, KeyCorp restated a hold rating on shares of KapStone Paper and Packaging in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $26.38.

Shares of KapStone Paper and Packaging (NYSE KS) opened at $22.29 on Friday. The firm has a market cap of $2,160.00, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.50 and a beta of 2.75. KapStone Paper and Packaging has a fifty-two week low of $19.59 and a fifty-two week high of $24.98. 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 released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $868.42 million during the quarter, compared to the consensus estimate of $839.36 million. KapStone Paper and Packaging had a net margin of 2.29% and a return on equity of 11.12%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. equities analysts expect that KapStone Paper and Packaging will post 1.11 EPS for the current year.

In other news, Director John Chapman sold 70,765 shares of KapStone Paper and Packaging stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $20.80, for a total value of $1,471,912.00. Following the completion of the transaction, the director now owns 445,056 shares of the company’s stock, valued at approximately $9,257,164.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Andrea K. Tarbox sold 32,486 shares of KapStone Paper and Packaging stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $20.95, for a total value of $680,581.70. Following the completion of the transaction, the vice president now directly owns 157,336 shares of the company’s stock, valued at approximately $3,296,189.20. The disclosure for this sale can be found here. Insiders own 13.09% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in KapStone Paper and Packaging by 17.6% in the 2nd 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 during the last quarter. Public Employees Retirement System of Ohio raised its position in KapStone Paper and Packaging by 4.2% in the 2nd 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 during the last quarter. SG Americas Securities LLC purchased a new position in KapStone Paper and Packaging in the 3rd quarter worth about $188,000. Riverhead Capital Management LLC raised its position in KapStone Paper and Packaging by 77.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock worth $183,000 after buying an additional 3,864 shares during the last quarter. Finally, Flinton Capital Management LLC raised its position in KapStone Paper and Packaging by 75.3% in the 2nd quarter. Flinton Capital Management LLC now owns 8,942 shares of the basic materials company’s stock worth $184,000 after buying an additional 3,842 shares during the last quarter. 86.15% of the stock is owned by hedge funds and other 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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