Kapstone Paper And Packaging Corp. (NYSE:KS) has been upgraded from Hold to Buy in a statement by Deutsche Bank earlier today.
- Updated: September 23, 2016
Deutsche Bank has upgraded Kapstone Paper And Packaging Corp. (NYSE:KS) from Hold to Buy in a statement released on 9/23/2016.
Boasting a price of $19.21, Kapstone Paper And Packaging Corp. (NYSE:KS) traded 3.96% higher on the day. With the last stock price close up 34.44% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Kapstone Paper And Packaging Corp. has recorded a 50-day average of $16.85 and a two hundred day average of $14.85. Volume of trade was down over the average, with 196,210 shares of KS changing hands under the typical 1,387,440
With a total market value of $0, Kapstone Paper And Packaging Corp. has price-earnings ratio of 23.49 with a one year low of $8.95 and a one year high of $24.91 .
A total of 9 equity analysts have released a research note on KS. Three equity analysts rating the company a strong buy, three equity analysts rating the company a buy, three equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $16.50.
More 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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