KapStone Paper and Packaging (NYSE:KS) has been downgraded from Buy to Hold in a report by Standpoint Research earlier today.
- Updated: September 16, 2016
Having a price of $17.87, KapStone Paper and Packaging (NYSE:KS) traded 4.09% higher on the day. With the last stock price close up 27.71% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. The company has registered a 50-day moving average of $16.21 and two hundred day average of $14.56. Volume of trade was was down over the average, with 1,085,485 shares of KS changing hands under the typical 1,291,080 shares.
Standpoint Research has downgraded KapStone Paper and Packaging(NYSE:KS) from Buy to Hold in a report released 9/16/2016.
Recent Performance Chart:
In addition to Standpoint Research reporting it’s stock price target, a total of 9 brokerages have issued a research note on KapStone Paper and Packaging. The 12-month target price is $16.50 with three analysts rating the company a strong buy, three firms rating the stock a buy, three firms rating the stock a hold, two brokerages rating the company to underperform, and lastly 0 firms rating the company as sell.
KapStone Paper and Packaging has a 52 week low of $8.95 and a 52 week high of $24.91 with a PE ratio of 22. KS’s market cap is currently $0.0.
General Information 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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