KapStone Paper and Packaging Corp. (NYSE:KS) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $30.57.
A number of brokerages have recently issued reports on KS. BMO Capital Markets cut KapStone Paper and Packaging from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 30th. Stephens lowered shares of KapStone Paper and Packaging from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a report on Tuesday, January 30th. Royal Bank of Canada lowered shares of KapStone Paper and Packaging from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $30.00 to $35.00 in a report on Thursday, February 1st. Citigroup reiterated a “neutral” rating and set a $26.00 target price on shares of KapStone Paper and Packaging in a report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Wednesday, January 31st.
In other news, VP Andrea K. Tarbox sold 32,486 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total transaction of $680,581.70. Following the completion of the sale, the vice president now directly owns 157,336 shares in the company, valued at $3,296,189.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Chapman sold 70,765 shares of the stock in a transaction dated 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 sale, the director now owns 445,056 shares of the company’s stock, valued at $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 institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in KapStone Paper and Packaging by 1.1% in the fourth quarter. BlackRock Inc. now owns 11,663,195 shares of the basic materials company’s stock worth $264,638,000 after buying an additional 124,499 shares during the period. Dimensional Fund Advisors LP lifted its holdings in KapStone Paper and Packaging by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 4,874,765 shares of the basic materials company’s stock worth $104,760,000 after buying an additional 55,687 shares during the period. Point72 Asset Management L.P. lifted its holdings in KapStone Paper and Packaging by 51.9% in 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 buying an additional 1,148,963 shares during the period. Macquarie Group Ltd. lifted its holdings in KapStone Paper and Packaging by 7.2% in the third quarter. Macquarie Group Ltd. now owns 2,132,675 shares of the basic materials company’s stock worth $45,831,000 after buying an additional 142,855 shares during the period. Finally, State Street Corp lifted its holdings in KapStone Paper and Packaging by 2.1% in the second quarter. State Street Corp now owns 2,088,779 shares of the basic materials company’s stock worth $43,094,000 after buying an additional 42,808 shares during the period. Institutional investors and hedge funds own 85.85% of the company’s stock.
Shares of KapStone Paper and Packaging (NYSE:KS) traded down $0.06 during trading hours on Tuesday, hitting $34.44. The stock had a trading volume of 3,760,000 shares, compared to its average volume of 2,680,000. KapStone Paper and Packaging has a 52-week low of $19.59 and a 52-week high of $34.94. The company has a market capitalization of $3,340.00, a PE ratio of 13.94, a P/E/G ratio of 1.44 and a beta of 3.18. The company has a quick ratio of 1.25, a current ratio of 1.96 and a debt-to-equity ratio of 1.29.
KapStone Paper and Packaging (NYSE:KS) last announced its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $859.00 million for the quarter, compared to analysts’ expectations of $834.23 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. research analysts expect that KapStone Paper and Packaging will post 1.7 EPS for the current fiscal year.
The company also recently announced 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. The ex-dividend date was Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.16%. KapStone Paper and Packaging’s dividend payout ratio is currently 16.19%.
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About KapStone Paper and Packaging
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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