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KapStone Paper and Packaging (NYSE:KS) target price raised to $23.00, reported today by RBC Capital

KapStone Paper and Packaging (NYSE:KS) had its target price upped to $23.00 by RBC Capital in an issued report announced 9/30/2016. The updated stock price target implies a potential upside of 0.23% based on the company's most recent close.

On 9/28/2016, Zacks Investment Research released a statement on KapStone Paper and Packaging (NYSE:KS) bumped up the target price from $0.00 to $22.00 that suggested an upside of 0.17%.

Boasting a price of $18.67, KapStone Paper and Packaging (NYSE:KS) traded -1.01% lower on the day. The last stock price is up 23.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. KS has recorded a 50-day moving average of $17.41 and a two hundred day average of $15.10. Trade Volume was down over the average, with 944,511 shares of KS changing hands under the typical 1,329,000

Recent Performance Chart

KapStone Paper and Packaging (NYSE:KS)

KapStone Paper and Packaging has 52 week low of $8.95 and a 52 week high of $24.91 with a P/E ratio of 21.96 and has a market cap of $0.

In addition to RBC Capital reporting its stock price target, a total of 9 brokers have issued a research note on the company. The average stock price target is $16.50 with 3 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 3 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

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, tapes and stretch wraps.

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