Shares of KapStone Paper and Packaging Corp. (NYSE:KS) have received a consensus rating of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have covered the stock in the last year is $31.00.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of KapStone Paper and Packaging from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 31st. ValuEngine lowered shares of KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a research note on Friday, July 20th.

Several institutional investors have recently added to or reduced their stakes in KS. Allianz Asset Management GmbH acquired a new position in shares of KapStone Paper and Packaging during the 1st quarter valued at $50,475,000. BlackRock Inc. raised its holdings in KapStone Paper and Packaging by 9.1% during the second quarter. BlackRock Inc. now owns 12,794,147 shares of the basic materials company’s stock worth $441,397,000 after buying an additional 1,071,702 shares during the last quarter. LMR Partners LLP acquired a new position in KapStone Paper and Packaging during the second quarter worth $27,500,000. Gardner Lewis Asset Management L P raised its holdings in KapStone Paper and Packaging by 74.5% during the second quarter. Gardner Lewis Asset Management L P now owns 1,792,144 shares of the basic materials company’s stock worth $61,829,000 after buying an additional 765,382 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in KapStone Paper and Packaging during the second quarter worth $9,741,000. Institutional investors own 81.51% of the company’s stock.

KS remained flat at $$34.95 during trading on Thursday. KapStone Paper and Packaging has a one year low of $20.51 and a one year high of $35.10. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.28 and a quick ratio of 1.39. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.06 and a beta of 2.79.

KapStone Paper and Packaging (NYSE:KS) last posted its quarterly earnings data on Tuesday, October 23rd. The basic materials company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.10. KapStone Paper and Packaging had a net margin of 9.99% and a return on equity of 18.99%. The company had revenue of $893.60 million for the quarter, compared to analyst estimates of $923.10 million. During the same period in the prior year, the firm posted $0.39 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts predict that KapStone Paper and Packaging will post 2.36 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 28th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.14%. KapStone Paper and Packaging’s payout ratio is presently 30.30%.

About KapStone Paper and Packaging

KapStone Paper and Packaging Corporation produces and sells a range of containerboards, corrugated products, and specialty paper products in the United States and internationally. The company operates in two segments, Paper and Packaging, and Distribution. The Paper and Packaging segment offers containerboards consisting of linerboard and corrugated medium to manufacture corrugated containers for packaging products; and corrugated products.

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

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