Stock On Watch: How Analysts Feel About KapStone Paper and Packaging Corp. After Today’s Significant Decline?

Stock On Watch: How Analysts Feel About KapStone Paper and Packaging Corp. After Today's Significant Decline?

The stock of KapStone Paper and Packaging Corp. (NYSE:KS) is a huge mover today! About 1.67M shares traded hands or 19.29% up from the average. KapStone Paper and Packaging Corp. (NYSE:KS) has risen 82.77% since March 2, 2016 and is uptrending. It has outperformed by 74.51% the S&P500.
The move comes after 7 months negative chart setup for the $1.76B company. It was reported on Oct, 5 by Barchart.com. We have $16.84 PT which if reached, will make NYSE:KS worth $123.20M less.

Analysts await KapStone Paper and Packaging Corp. (NYSE:KS) to report earnings on October, 26. They expect $0.41 earnings per share, down 16.33% or $0.08 from last year’s $0.49 per share. KS’s profit will be $39.85 million for 11.04 P/E if the $0.41 EPS becomes a reality. After $0.26 actual earnings per share reported by KapStone Paper and Packaging Corp. for the previous quarter, Wall Street now forecasts 57.69% EPS growth.

KapStone Paper and Packaging Corp. (NYSE:KS) Ratings Coverage

Out of 12 analysts covering Kapstone Paper And Packaging Corp. (NYSE:KS), 7 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 58% are positive. Kapstone Paper And Packaging Corp. has been the topic of 24 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of KapStone Paper and Packaging Corp. (NYSE:KS) has “Underperform” rating given on Friday, November 20 by Credit Suisse. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, February 11. On Wednesday, April 6 the stock rating was initiated by Bank of America with “Underperform”. As per Monday, August 29, the company rating was upgraded by Bank of America. The company was upgraded on Tuesday, July 19 by Dundee Securities. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 10 report. Deutsche Bank maintained KapStone Paper and Packaging Corp. (NYSE:KS) rating on Sunday, August 30. Deutsche Bank has “Buy” rating and $32 price target. Wells Fargo initiated the shares of KS in a report on Thursday, September 10 with “Outperform” rating. The stock has “Buy” rating given by Standpoint Research on Thursday, March 31. The rating was maintained by Barclays Capital on Monday, May 2 with “Overweight”.

According to Zacks Investment Research, “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.”

More recent KapStone Paper and Packaging Corp. (NYSE:KS) news were published by: Prnewswire.com which released: “KapStone Paper And Packaging Announces Management Changes” on September 21, 2016. Also Zacks.com published the news titled: “KapStone Paper and Packaging Corp (KS) Jumps: Stock Up 6.2%” on August 29, 2016. Prnewswire.com‘s news article titled: “Kapstone Paper And Packaging To Release 2016 Second Quarter Earnings On …” with publication date: July 08, 2016 was also an interesting one.

KS Company Profile

KapStone Paper and Packaging Corporation, incorporated on April 15, 2005, is engaged in the production of containerboard, corrugated products and specialty paper. The Firm operates through two divisions: Paper and Packaging, and Distribution. The Firm operates over four paper mills, approximately three in the Southeastern region and one in the Pacific Northwest region of the United States. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington. Hardwood pulp is produced in North Charleston for the production of DuraSorb saturating kraft. It sells unbleached folding carton board under the Kraftpak trade name. The Firm operates over 20 corrugated products manufacturing plants, consists of approximately 10 box plants, six sheet plants and two sheet feeder plants. Box plants operate as combining activities that manufacture corrugated sheets and finished corrugated products. Sheet feeder plants have a corrugator machine and manufacture corrugated sheets, which are shipped to sheet or box plants. Sheet plants have various machines that convert corrugated sheets, purchased either from the Company’s activities or third parties, into finished corrugated products. Plants with a corrugating machine have total capacity of approximately 18 billion square feet (BSF).

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