Zacks Investment Research upgraded shares of KapStone Paper and Packaging (NYSE:KS) from a sell rating to a hold rating in a research note published on Wednesday, January 10th.
According to Zacks, “KapStone Paper and Packaging Corporation operate businesses in the paper, packaging, forest products and related industries. KapStone is a leading North American producer of unbleached Kraft paper and corrugated packaging products. KapStone’s paper mills produce a wide spectrum of kraft and recycled products ranging from containerboard, including liner and medium, to kraft papers, saturating kraft and folding carton board. The mill’s product portfolio contains several branded products including Kraftpak, DuraSorb, TEA-Kraft and FibreShield as well as a focus on extensible kraft paper grades and on high-performance, lightweight linerboard. KapStone’s corrugated packaging business offers an array of fully equipped corrugator Box Plants, Sheet Plants and Sheet Feeders providing industrial and retail corrugated packaging solutions for any customer, regardless of size or demands. “
A number of other research firms have also recently commented on KS. Stephens assumed coverage on KapStone Paper and Packaging in a research report on Tuesday, October 24th. They set an overweight rating and a $28.00 price objective for the company. ValuEngine upgraded KapStone Paper and Packaging from a hold rating to a buy rating in a report on Sunday, December 31st. KeyCorp restated a hold rating on shares of KapStone Paper and Packaging in a report on Wednesday, October 25th. BMO Capital Markets lowered their price target on KapStone Paper and Packaging from $28.00 to $26.00 and set an outperform rating for the company in a report on Friday, October 27th. Finally, Citigroup lifted their price target on KapStone Paper and Packaging from $25.00 to $26.00 and gave the company a buy rating in a report on Friday, October 27th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $29.63.
KapStone Paper and Packaging (NYSE:KS) traded up $0.01 during trading on Wednesday, reaching $34.65. The company had a trading volume of 3,930,101 shares, compared to its average volume of 2,684,095. The stock has a market cap of $3,360.03, a PE ratio of 46.19, a PEG ratio of 1.62 and a beta of 2.77. KapStone Paper and Packaging has a 1 year low of $19.59 and a 1 year high of $34.94. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64.
KapStone Paper and Packaging (NYSE:KS) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The company had revenue of $868.42 million for the quarter, compared to analysts’ expectations of $839.36 million. KapStone Paper and Packaging had a return on equity of 11.12% and a net margin of 2.29%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. equities research analysts predict that KapStone Paper and Packaging will post 1.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, December 28th. KapStone Paper and Packaging’s dividend payout ratio (DPR) is 53.33%.
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 transaction, the director now directly owns 445,056 shares of the company’s stock, valued at approximately $9,257,164.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were 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 in the company, valued at $3,296,189.20. The disclosure for this sale can be found here. Insiders own 13.09% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in KapStone Paper and Packaging by 1.8% during the 4th quarter. Victory Capital Management Inc. now owns 1,321,166 shares of the basic materials company’s stock worth $29,976,000 after acquiring an additional 23,416 shares in the last quarter. Engineers Gate Manager LP acquired a new position in KapStone Paper and Packaging during the 4th quarter worth approximately $1,648,000. Algert Global LLC acquired a new position in KapStone Paper and Packaging during the 4th quarter worth approximately $914,000. Schwab Charles Investment Management Inc. lifted its position in KapStone Paper and Packaging by 9.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 626,172 shares of the basic materials company’s stock worth $14,208,000 after acquiring an additional 54,207 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in KapStone Paper and Packaging by 5.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 37,500 shares of the basic materials company’s stock worth $851,000 after acquiring an additional 2,100 shares in the last quarter. 86.01% of the stock is currently 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.
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