BMO Capital Markets upgraded KapStone Paper and Packaging Corp. (NYSE:KS) to Outperform in a report released today.
- Updated: September 24, 2016
BMO Capital Markets has upgraded KapStone Paper and Packaging Corp. (NYSE:KS) to Outperform in a report released on 9/21/2016.
Only yesterday KapStone Paper and Packaging Corp. (NYSE:KS) traded 3.44% higher at $18.35. KS’s 50-day average is $16.99 and its 200-day moving average is $14.91. With the last closing price up 33.28% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was up over the average, with 1,830,789 shares of KS changing hands over the typical 1,395,830
With a total market value of $0, KapStone Paper and Packaging Corp. has price-earnings ratio of 23.38 with a one year low of $8.95 and a one year high of $24.91 .
In addition to BMO Capital Markets reporting its stock price target, a total of 9 brokerages have issued a research note on the company. The average stock price target is $16.50 with 3 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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