Brokerages Set Kapstone (KS) Price Target at $32.60

Kapstone (NYSE:KS) has been given an average rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $32.60.

Several research firms have commented on KS. ValuEngine lowered shares of Kapstone from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 19th. Zacks Investment Research upgraded shares of Kapstone from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, April 17th. DA Davidson lowered shares of Kapstone from a “buy” rating to a “neutral” rating in a research note on Thursday, February 8th. Deutsche Bank lowered shares of Kapstone from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a research note on Thursday, February 8th. Finally, Royal Bank of Canada lowered shares of Kapstone from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $30.00 to $35.00 in a research note on Thursday, February 1st.

A number of large investors have recently bought and sold shares of KS. Water Island Capital LLC purchased a new stake in shares of Kapstone during the 1st quarter worth approximately $76,151,000. Millennium Management LLC increased its stake in shares of Kapstone by 165.9% during the 4th quarter. Millennium Management LLC now owns 3,001,830 shares of the basic materials company’s stock worth $68,112,000 after purchasing an additional 1,872,710 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Kapstone during the 1st quarter worth approximately $50,475,000. Alpine Associates Management Inc. purchased a new stake in shares of Kapstone during the 1st quarter worth approximately $48,184,000. Finally, Hsbc Holdings PLC increased its stake in shares of Kapstone by 12,462.5% during the 1st quarter. Hsbc Holdings PLC now owns 1,183,889 shares of the basic materials company’s stock worth $40,620,000 after purchasing an additional 1,174,465 shares during the last quarter. Hedge funds and other institutional investors own 79.51% of the company’s stock.

Shares of NYSE KS opened at $34.44 on Thursday. Kapstone has a fifty-two week low of $19.95 and a fifty-two week high of $35.01. The stock has a market capitalization of $3.37 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 1.20 and a beta of 3.02. The company has a current ratio of 2.07, a quick ratio of 1.24 and a debt-to-equity ratio of 1.26.

Kapstone (NYSE:KS) last announced its quarterly earnings results on Wednesday, April 18th. The basic materials company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.07. Kapstone had a net margin of 8.07% and a return on equity of 15.10%. The business had revenue of $799.20 million for the quarter, compared to analysts’ expectations of $810.80 million. During the same quarter last year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. sell-side analysts expect that Kapstone will post 2.04 earnings per share for the current year.

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.

Analyst Recommendations for Kapstone (NYSE:KS)

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