Many KapStone Paper and Packaging Corporation(KS) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Downgraded by Barclays on Feb 6, 2017 to Equal Weight, Raises Price Target to $ 24 from a previous price target of $22 .KapStone Paper and Packaging Corp. was Downgraded by Wells Fargo to Market Perform on Nov 21, 2016.
Company has reported several Insider transactions to the SEC, on Aug 8, 2016, Jonathan R Furer (director) sold 25,000 shares at 15.09 per share price.On May 17, 2016, Maurice S Reznik (director) purchased 10,000 shares at 14.68 per share price.On Feb 26, 2016, Robert J Bahash (director) purchased 20,000 shares at 9.22 per share price.
KapStone Paper and Packaging Corp. Last issued its quarterly earnings results on Nov 1, 2016. The company reported $0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.02. Analyst had a consensus of $0.39. The company had revenue of $776.64 million for the quarter, compared to analysts expectations of $805.93 million. The companys revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.
KapStone Paper and Packaging Corporation (NYSE:KS) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.14 by 7 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.
KapStone Paper and Packaging Corporation (NYSE:KS): The stock price is expected to reach $ 25 in the short term. The number of analysts agreeing with this consensus is 6. The higher estimate for the short term price target is at $29 while the lower estimate is at $20. The standard deviation of the price stands at $3.35.
KapStone Paper and Packaging Corporation (NYSE:KS) rose 0.6% or 0.14 points on Tuesday and made its way into the gainers of the day. After trading began at $23.34 the stock was seen hitting $23.72 as a peak level and $22.86 as the lowest level. The stock ended up at $23.59. The daily volume was measured at 929,260 shares. The 52-week high of the share price is $24.98 and the 52-week low is $8.95. The company has a market cap of $2,279 million.
KAPSTONE PAPER & PACKAGING CORPORATION was formed to effect a business combination with a suitable operating business in the paper, packaging, forest products and related industries. Headquartered in Northbrook, IL, KapStone Paper and Packaging Corporation is a leading North American producer of kraft paper and inflatable dunnage bags. The Company is the parent corporation of KapStone Kraft Paper Corporation which includes a paper mill in Roanoke Rapids, NC, and RideRite, an inflatable dunnage bag manufacturer in Fordyce, AR.