ValuEngine cut shares of KapStone Paper and Packaging (NYSE:KS) from a buy rating to a hold rating in a research note published on Friday morning.
Separately, Zacks Investment Research upgraded KapStone Paper and Packaging from a hold rating to a buy rating and set a $39.00 price objective on the stock in a research report on Tuesday, April 17th. Nine research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $32.33.
KS stock traded down $0.04 during midday trading on Friday, reaching $34.78. 526,886 shares of the company traded hands, compared to its average volume of 468,902. KapStone Paper and Packaging has a 52-week low of $20.42 and a 52-week high of $35.01. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.07 and a quick ratio of 1.24. The company has a market cap of $3.41 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.09 and a beta of 3.25.
KapStone Paper and Packaging (NYSE:KS) last issued 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 Paper and Packaging had a return on equity of 15.10% and a net margin of 8.07%. The business had revenue of $799.20 million for the quarter, compared to the consensus estimate of $810.80 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. equities research analysts expect that KapStone Paper and Packaging will post 2.29 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 11th. Stockholders of record on Friday, June 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.15%. KapStone Paper and Packaging’s payout ratio is 30.30%.
Several hedge funds and other institutional investors have recently modified their holdings of KS. Quantbot Technologies LP bought a new position in KapStone Paper and Packaging in the first quarter worth approximately $159,000. Wellington Shields Capital Management LLC bought a new position in KapStone Paper and Packaging in the first quarter worth approximately $206,000. GSA Capital Partners LLP bought a new position in KapStone Paper and Packaging in the first quarter worth approximately $216,000. Seven Eight Capital LP bought a new position in KapStone Paper and Packaging in the first quarter worth approximately $223,000. Finally, Highbridge Capital Management LLC bought a new position in KapStone Paper and Packaging in the first quarter worth approximately $230,000. Hedge funds and other institutional investors own 82.07% of the company’s stock.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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