Kapstone (NYSE:KS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm presently has a $39.00 target price on the basic materials company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.49% from the company’s previous close.
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 analysts have also issued reports on KS. ValuEngine raised shares of Kapstone from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Stephens lowered shares of Kapstone from an “overweight” rating to an “equal weight” rating and set a $28.00 price target for the company. in a research report on Tuesday, January 30th. BMO Capital Markets lowered shares of Kapstone from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. TheStreet raised shares of Kapstone from a “c+” rating to a “b-” rating in a research report on Monday, January 8th. Finally, DA Davidson lowered shares of Kapstone from a “buy” rating to a “neutral” rating in a research report on Thursday, February 8th. Nine analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $30.71.
Shares of KS opened at $34.67 on Tuesday. Kapstone has a one year low of $19.59 and a one year high of $35.01. The stock has a market capitalization of $3,375.22, a price-to-earnings ratio of 26.27, a PEG ratio of 1.28 and a beta of 3.02. The company has a quick ratio of 1.21, a current ratio of 1.96 and a debt-to-equity ratio of 1.29.
Kapstone (NYSE:KS) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. The business had revenue of $859.00 million during the quarter, compared to analyst estimates of $834.23 million. Kapstone had a net margin of 7.34% and a return on equity of 13.31%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. analysts anticipate that Kapstone will post 1.93 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of KS. SG Americas Securities LLC bought a new position in Kapstone during the third quarter valued at approximately $188,000. Legal & General Group Plc raised its position in Kapstone by 2.2% during the third quarter. Legal & General Group Plc now owns 171,017 shares of the basic materials company’s stock valued at $3,677,000 after acquiring an additional 3,748 shares in the last quarter. Wells Fargo & Company MN raised its position in Kapstone by 6.9% during the third quarter. Wells Fargo & Company MN now owns 99,729 shares of the basic materials company’s stock valued at $2,143,000 after acquiring an additional 6,465 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Kapstone by 7.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 571,965 shares of the basic materials company’s stock valued at $12,292,000 after acquiring an additional 37,682 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Kapstone by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 4,874,765 shares of the basic materials company’s stock valued at $104,760,000 after acquiring an additional 55,687 shares in the last quarter. 84.86% of the stock is currently owned by hedge funds and other institutional investors.
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Kapstone Company Profile
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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