ValuEngine lowered shares of Kapstone (NYSE:KS) from a strong-buy rating to a buy rating in a research note published on Thursday morning.
KS has been the topic of several other research reports. Citigroup reiterated a neutral rating and set a $26.00 price target on shares of Kapstone in a research report on Tuesday, January 30th. Royal Bank of Canada cut shares of Kapstone from an outperform rating to a sector perform rating and boosted their price target for the company from $30.00 to $35.00 in a research report on Thursday, February 1st. BMO Capital Markets cut shares of Kapstone from an outperform rating to a market perform rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Kapstone from a hold rating to a buy rating and set a $39.00 price target on the stock in a research report on Wednesday, January 31st. Finally, Stephens cut shares of Kapstone from an overweight rating to an equal weight rating and set a $28.00 price target on the stock. in a research report on Tuesday, January 30th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $30.71.
KS stock opened at $34.52 on Thursday. Kapstone has a 12-month low of $19.59 and a 12-month high of $35.01. The stock has a market capitalization of $3,375.40, a price-to-earnings ratio of 26.15, a PEG ratio of 1.23 and a beta of 3.02. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.21 and a current ratio of 2.07.
Kapstone (NYSE:KS) last released its quarterly earnings data on Wednesday, April 18th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Kapstone had a net margin of 8.07% and a return on equity of 15.10%. The firm had revenue of $799.20 million for the quarter, compared to analysts’ expectations of $810.80 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. equities analysts predict that Kapstone will post 1.99 EPS for the current year.
The firm also recently disclosed a None dividend, which was paid on Wednesday, April 11th. Investors of record on Wednesday, March 28th were paid a dividend of $0.10 per share. This represents a yield of 1.14%. The ex-dividend date was Tuesday, March 27th. Kapstone’s payout ratio is currently 30.30%.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Kapstone by 1.1% during the fourth quarter. BlackRock Inc. now owns 11,663,195 shares of the basic materials company’s stock worth $264,638,000 after acquiring an additional 124,499 shares in the last quarter. Millennium Management LLC boosted its stake in Kapstone by 165.9% during the fourth quarter. Millennium Management LLC now owns 3,001,830 shares of the basic materials company’s stock worth $68,112,000 after acquiring an additional 1,872,710 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Kapstone by 7.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,940,182 shares of the basic materials company’s stock worth $44,023,000 after acquiring an additional 130,220 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Kapstone by 1.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,321,166 shares of the basic materials company’s stock worth $29,976,000 after buying an additional 23,416 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Kapstone by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 720,933 shares of the basic materials company’s stock worth $16,357,000 after buying an additional 2,418 shares in the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.
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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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