Kapstone Paper And Packaging Corp. (NYSE:KS) has been upgraded from Market Perform to Outperform in a statement by BMO Capital Markets earlier today.
- Updated: September 24, 2016
Having a price of $19.20, Kapstone Paper And Packaging Corp. (NYSE:KS) traded 3.44% higher on the day. With the last close up 33.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Kapstone Paper And Packaging Corp. has recorded a 50-day average of $16.99 and a two hundred day average of $14.91. Volume of trade was up over the average, with 1,830,789 shares of KS changing hands over the typical 1,395,830
BMO Capital Markets has upgraded Kapstone Paper And Packaging Corp. (NYSE:KS) from Market Perform to Outperform in a statement released on 09/22/2016.
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 .
A total of 9 analysts have released a report on Kapstone Paper And Packaging Corp.. Three analysts rating the company a strong buy, three analysts rating the company a buy, three analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price 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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