A report released today by RBC Capital Markets about Kapstone Paper And Packaging Corp. (NYSE:KS) bumps the target price to $23.00
- Updated: September 30, 2016
RBC Capital Markets increased the stock price target of Kapstone Paper And Packaging Corp. (NYSE:KS) to $23.00 indicating a possible upside of 0.23%.
Previously on 09/28/2016, Zacks Investment Research reported on Kapstone Paper And Packaging Corp. (NYSE:KS) increased the target price from $0.00 to $22.00. At the time, this indicated a possible upside of 0.17%.
Yesterday Kapstone Paper And Packaging Corp. (NYSE:KS) traded -1.01% lower at $18.67. The company’s 50-day moving average is $17.41 and its 200-day moving average is $15.10. The last closing price is up 23.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 944,511 shares of the stock traded hands, down from an average trading volume of 1,329,000
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Kapstone Paper And Packaging Corp. has a 52 week low of $8.95 and a 52 week high of $24.91 with a P/E ratio of 21.96 The company’s market cap is currently $0.
In addition to RBC Capital Markets reporting its stock price target, a total of 9 brokers have issued a report on the company. The average stock price target is $16.50 with 3 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 3 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Kapstone Paper And Packaging Corp. (NYSE:KS)
KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. 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. The Company's Paper and Packaging segment manufactures and sells a range of container boards, corrugated products and specialty paper for industrial and consumer markets. The Distribution segment, which operates under the Victory and Golden State Container trade names, provides its customers with packaging solutions and services, and distributes corrugated packaging materials, as well as other specialty packaging materials, such as plastics, wood, void fill, tapes and stretch wraps.
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