The stock of KapStone Paper and Packaging Corp. (NYSE:KS) is a huge mover today! About 574,705 shares traded hands. KapStone Paper and Packaging Corp. (NYSE:KS) has risen 68.37% since March 3, 2016 and is uptrending. It has outperformed by 60.02% the S&P500.
The move comes after 8 months positive chart setup for the $1.75B company. It was reported on Oct, 6 by Barchart.com. We have $29.36 PT which if reached, will make NYSE:KS worth $980.00M more.
Analysts await KapStone Paper and Packaging Corp. (NYSE:KS) to report earnings on October, 26. They expect $0.41 EPS, down 16.33% or $0.08 from last year’s $0.49 per share. KS’s profit will be $38.12M for 11.48 P/E if the $0.41 EPS becomes a reality. After $0.26 actual EPS 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. Dundee Securities downgraded KapStone Paper and Packaging Corp. (NYSE:KS) on Monday, September 19 to “Neutral” rating. Deutsche Bank upgraded the shares of KS in a report on Friday, September 23 to “Buy” rating. The stock of KapStone Paper and Packaging Corp. (NYSE:KS) earned “Buy” rating by Dundee Securities on Tuesday, July 19. The rating was upgraded by Bank of America to “Neutral” on Monday, August 29. The stock of KapStone Paper and Packaging Corp. (NYSE:KS) earned “Buy” rating by Standpoint Research on Thursday, March 31. The company was downgraded on Friday, September 16 by Standpoint Research. Deutsche Bank maintained KapStone Paper and Packaging Corp. (NYSE:KS) rating on Sunday, August 30. Deutsche Bank has “Buy” rating and $32 price target. The rating was initiated by Wells Fargo on Thursday, September 10 with “Outperform”. Deutsche Bank maintained KapStone Paper and Packaging Corp. (NYSE:KS) on Wednesday, August 10 with “Hold” rating. The company was initiated on Wednesday, April 6 by Bank of America.
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 important recent KapStone Paper and Packaging Corp. (NYSE:KS) news were published by: Prnewswire.com which released: “Consumer Goods Stocks Under Scanner — Fibria Celulose, KapStone Paper and …” on October 06, 2016, also Prnewswire.com published article titled: “KapStone Paper And Packaging Announces Management Changes”, Prnewswire.com published: “KapStone Paper And Packaging Corporation Announces Investments In Converting …” on September 07, 2016. More interesting news about KapStone Paper and Packaging Corp. (NYSE:KS) was released by: Benzinga.com and their article: “Containerboard Prices Set To Increase; Deutsche Boosts Rating On KapStone …” with publication date: September 23, 2016.
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).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.