Standpoint Research downgraded the shares of KS in report on Friday, September 16 to "Hold" rating.
Other research analysts have also issued research reports about the stock. Deutsche Bank maintained the shares of KS in report on Sunday, August 30 with "Buy" rating. KapStone Paper and Packaging Corporation's dividend payout ratio is presently 51.28%. Vertical Research lowered shares of KapStone Paper and Packaging Corporation from a "buy" rating to a "hold" rating in a research note on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock.
The Stock now has a consensus recommendation of 2.30.
Thrivent Financial For Lutherans lowered its position in KapStone Paper and Packaging Corporation (NYSE:KS) by 5.6% during the first quarter, according to its most recent filing with the SEC. On the bright side, the company's share price has been on the rebound, up more than 110.05% since hitting lows of $12.14 on July 06, 2016. Kapstone Paper & Packaging C now has $2.21B valuation. The firm has a market capitalization of $2.00 billion, a P/E ratio of 26.83 and a beta of 2.77. The firm has a 50-day moving average of $21.05 and a 200 day moving average of $22.30. Lastly, BMO Capital Markets restated a "buy" recommendation and fixed a $28.00 price objective on the stock of KapStone Paper and Packaging Corporation in a study report published on Fri, Apr 7th. Moreover, Bank Of America Corp De has 0% invested in the company for 1 shares.
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Investors wait KapStone Paper and Packaging Corp. The firm had revenue of $765.80 million for the quarter, compared to analysts' expectations of $770.10 million. This is assuming the current $0.29 EPS is accurate. The company's quarterly revenue was up 3.8% compared to the same quarter previous year. Shareholders of record on Thursday, June 29th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.85%.
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In other KapStone Paper and Packaging Corporation news, Director Jonathan R. Furer sold 12,484 shares of the stock in a transaction that occurred on Thursday, May 11th. Following the completion of the sale, the director now directly owns 1,178,915 shares of the company's stock, valued at $25,028,365.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David P. Storch purchased 5,000 shares of the firm's stock in a transaction on Thursday, May 18th. The stock was bought at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now directly owns 45,127 shares in the company, valued at approximately $902,540. The disclosure for this sale can be found here. Accern also assigned headlines about the basic materials company an impact score of 91 out of 100, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days. KapStone Paper and Packaging Corporation earned a daily sentiment score of -0.03 on Accern's scale. National Asset Management Inc. now owns 10,095 shares of the basic materials company's stock worth $234,000 after buying an additional 75 shares during the last quarter. State of Alaska Department of Revenue now owns 9,750 shares of the basic materials company's stock worth $225,000 after buying an additional 240 shares during the last quarter. Insiders own 13.30% of the company's stock. Ameritas Investment Partners Inc. purchased a new position in KapStone Paper and Packaging Corporation during the first quarter worth about $172,000. The Sandler Capital Management holds 142,325 shares with $3.14 million value, down from 397,520 last quarter. State of Alaska Department of Revenue boosted its stake in shares of KapStone Paper and Packaging Corporation by 2.5% in the first quarter. The basic materials company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.22 by $0.07. Look at its top three institutional owners. After having $0.15 EPS previously, KapStone Paper and Packaging Corp.'s analysts see 93.33 % EPS growth. The Firm operates through two divisions: Paper and Packaging, and Distribution.
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