Dundee downgraded KapStone Paper and Packaging (NYSE:KS) from Buy to Neutral in a report released today.
- Updated: September 19, 2016
Only yesterday KapStone Paper and Packaging (NYSE:KS) traded 0.00% even at $18.43. KapStone Paper and Packaging’s 50-day average is $16.04 and its 200-day moving average is $14.52. With the last stock price close up 26.94% relative to the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the date range. Trade volume was was down over the average, with 216,710 shares of KS changing hands under the typical 1,293,100 shares..
Dundee has downgraded KapStone Paper and Packaging(NYSE:KS) from Buy to Neutral in a report released 9/19/2016.
In addition to Dundee reporting it’s stock price target, a total of 9 brokerages have issued a research note on the company. The average target is $16.50 with three analysts rating the company a strong buy, three analysts rating the company a buy, three firms rating the stock a hold, two brokerages rating the company to underperform, and finally 0 analysts rating the stock as sell.
KapStone Paper and Packaging has a 52 week low of $8.95 and a one-year high of $24.91 with a P/E ratio of 22 and has a market capitalization of $0.0.
Brief Synopsis About KapStone Paper and Packaging (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, and tapes and stretch wraps.
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