DA Davidson cut shares of KapStone Paper and Packaging (NYSE:KS) from a buy rating to a neutral rating in a report published on Thursday, Marketbeat Ratings reports.

Several other research analysts have also weighed in on the company. Deutsche Bank lowered KapStone Paper and Packaging from a buy rating to a hold rating and set a $35.00 target price on the stock. in a research report on Thursday. Royal Bank of Canada lowered KapStone Paper and Packaging from an outperform rating to a sector perform rating and upped their target price for the stock from $30.00 to $35.00 in a research report on Thursday, February 1st. Zacks Investment Research raised KapStone Paper and Packaging from a hold rating to a buy rating and set a $39.00 target price on the stock in a research report on Wednesday, January 31st. Citigroup reaffirmed a neutral rating and issued a $26.00 target price on shares of KapStone Paper and Packaging in a research report on Tuesday, January 30th. Finally, Stephens lowered KapStone Paper and Packaging from an overweight rating to an equal weight rating and set a $28.00 target price on the stock. in a research report on Tuesday, January 30th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $30.50.

KapStone Paper and Packaging (NYSE:KS) opened at $34.44 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.25. KapStone Paper and Packaging has a 52-week low of $19.59 and a 52-week high of $34.94. The firm has a market capitalization of $3,345.47, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.44 and a beta of 3.19.

KapStone Paper and Packaging (NYSE:KS) last issued its earnings results on Wednesday, February 7th. The basic materials company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.12. KapStone Paper and Packaging had a return on equity of 13.31% and a net margin of 7.34%. The company had revenue of $859.00 million for the quarter, compared to analyst estimates of $834.23 million. During the same period in the prior year, the firm posted $0.24 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. sell-side analysts anticipate that KapStone Paper and Packaging will post 1.7 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, December 28th. KapStone Paper and Packaging’s dividend payout ratio is 16.26%.

In other news, VP Andrea K. Tarbox sold 32,486 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was 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 approximately $3,296,189.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Chapman sold 70,765 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $20.80, for a total value 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.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in KapStone Paper and Packaging by 4.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 239 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in KapStone Paper and Packaging during the 4th quarter valued at approximately $134,000. Flinton Capital Management LLC boosted its stake in KapStone Paper and Packaging by 75.3% during the 2nd quarter. Flinton Capital Management LLC now owns 8,942 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 3,842 shares during the period. SG Americas Securities LLC bought a new stake in KapStone Paper and Packaging during the 3rd quarter valued at approximately $188,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in KapStone Paper and Packaging during the 4th quarter valued at approximately $214,000. 85.85% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This article was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://theolympiareport.com/2018/02/11/kapstone-paper-and-packaging-ks-rating-lowered-to-neutral-at-da-davidson.html.

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)

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