KapStone Paper and Packaging (NYSE:KS) has been upgraded from Neutral to Buy in a statement by BofA Merrill earlier today.
- Updated: October 3, 2016
BofA Merrill has upgraded KapStone Paper and Packaging (NYSE:KS) from Neutral to Buy in a statement released on Monday October 03, 2016.
On 9/30/2016, RBC Capital Markets released a statement about KapStone Paper and Packaging (NYSE:KS) upped the target price from $17.00 to $23.00 that suggested an upside of 0.23%.
Having a price of $18.92, KapStone Paper and Packaging (NYSE:KS) traded 1.03% higher on the day. With the last stock price up 26.18% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. KS has recorded a 50-day average of $17.50 and a two hundred day average of $15.15. Trade Volume was down over the average, with 382,662 shares of KS changing hands under the typical 1,324,280
Recent Performance Chart
KapStone Paper and Packaging has PE ratio of 22.49 with a one year low of $8.95 and a one year high of $24.91 and has a market capitalization of $0.
A total of 9 brokerages have issued a ratings update on KapStone Paper and Packaging. Three brokerages rating the company a strong buy, three brokerages rating the company a buy, three brokerages rating the company a hold, two brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $16.50.
General Company Details For 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, tapes and stretch wraps.
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