A statement released earlier today by Zacks Investment Research about KapStone Paper and Packaging Corp. (NYSE:KS) ups the target price to $22.00
- Updated: October 1, 2016
Having a price of $18.86, KapStone Paper and Packaging Corp. (NYSE:KS) traded 1.34% higher on the day. The last closing price is up 24.89% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $17.50 and a 200-day moving average of $15.15. 1,693,961 shares of KapStone Paper and Packaging Corp. exchanged hands, up from an avg. volume of 1,324,280
In a report released on 9/28/2016 Zacks Investment Research increased the stock price target of KapStone Paper and Packaging Corp. (NYSE:KS) to $22.00 reporting a potential upside of 0.17%.
With a total market value of $0, KapStone Paper and Packaging Corp. has 52 week low of $8.95 and a 52 week high of $24.91 with a P/E ratio of 22.26 .
In addition to Zacks Investment Research reporting its target price, a total of 9 firms have reported on KapStone Paper and Packaging Corp.. The 12-month price target is $16.50 with three analysts rating the company a strong buy, three analysts rating the company a buy, three analysts rating the company 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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