Published: Tue, January 30, 2018
Finance | By Loren Pratt

KapStone Paper and Packaging (NYSE:KS) Upgraded to "B-" at TheStreet

KapStone Paper and Packaging (NYSE:KS) Upgraded to

Wells Fargo initiated KapStone Paper and Packaging Corporation (NYSE:KS) on Thursday, September 10 with "Outperform" rating. The stock, as of last close, traded 35.48% away to its 52 week low and was at a distance of 0.26% from its 52 week high.

KapStone Paper and Packaging Corporation (KS) closed 16.7% above its 200-day moving average and is 13.16% above another chart threshold, its 50-day moving average.

KapStone Paper and Packaging has gapped open sharply higher this morning and is now up 8.04 at $34.58 on the highest volume of the year.

"The agreement to combine with WestRock is a testament to the tremendous company we have built and the hard work and accomplishments of the KapStone team", said Kaplan CEO Matt Kaplan. Kapstone Paper And Packaging Corp. has $32 highest and $15 lowest target. A month ago, analyst EPS consensus estimated earnings of US$0.37 per share. KapStone Paper and Packaging had a return on equity of 11.12% and a net margin of 2.29%. The business had revenue of $868.42 million during the quarter, compared to the consensus estimate of $839.36 million. Annual EPS Growth of past 5 years is -23.70%.

The average Wall Street analyst rating for KapStone Paper and Packaging Corporation is Strong Buy, according to the average of 9 analyst scores. Investors of record on Friday, December 29th were given a $0.10 dividend.

For the trailing twelve months, this company is paying dividend with the payout ratio of 1.51% to its shareholders.

A number of other analysts have also commented on the company. TheStreet raised KapStone Paper and Packaging from a "c+" rating to a "b-" rating in a report on Monday, January 8th.

KapStone stockholders will have the option to receive $35 per share in cash, or to elect to receive 0.4981 WestRock shares per KapStone share. ValuEngine upgraded shares of KapStone Paper and Packaging from a "hold" rating to a "buy" rating in a research report on Friday, December 1st. Finally, Stephens set a $30.00 target price on KapStone Paper and Packaging and gave the company a "buy" rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of "Buy" and an average price target of $27.13.

Shares of KapStone Paper and Packaging Corporation (NYSE: KS), with operations in the paper, packaging, and forest products industries, are soaring almost 30% Monday as of 10:40 AM EST after news it agreed to be acquired by WestRock Co. The shares were sold at an average price of $20.80, for a total value of $1,471,912.00. The disclosure for this sale can be found here. Institutional investors and hedge funds own 86.09% of the company's stock.

TRADEMARK VIOLATION WARNING: This story was posted by Week Herald and is the sole property of of Week Herald. If you are reading this piece on another domain, it was illegally copied and republished in violation of U.S. and worldwide copyright and trademark legislation. SG Americas Securities LLC acquired a new position in KapStone Paper and Packaging during the 3rd quarter worth approximately $188,000.

KapStone is also the owner of packaging solutions distribution firm Victory Packaging, which operates facilities in the US, Canada and Mexico.

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