Analyst Rating Update on KapStone Paper and Packaging Corporation (KS)

KapStone Paper and Packaging Corporation (NYSE:KS) : The consensus on KapStone Paper and Packaging Corporation (NYSE:KS) based on 9 analyst recommendation on the company stock is 2.56, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on KapStone Paper and Packaging Corporation (NYSE:KS).

KapStone Paper and Packaging Corporation (NYSE:KS) : The highest level KapStone Paper and Packaging Corporation (NYSE:KS) is projected to reach is $24 for the short term and the lowest estimate is at $11. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $16.64 and the possibility the share price can swing is $4.37.

Company shares have received an average consensus rating of Hold for the current week Also, Bank of America initiates coverage on KapStone Paper and Packaging Corporation (NYSE:KS) The brokerage firm has issued a Underperform rating on the shares. The rating by the firm was issued on April 6, 2016.

KapStone Paper and Packaging Corporation (NYSE:KS): stock turned positive on Tuesday. Though the stock opened at $13.46, the bulls momentum made the stock top out at $14.1 level for the day. The stock recorded a low of $12.66 and closed the trading day at $12.76, in the green by 1.75%. The total traded volume for the day was 1,598,255. The stock had closed at $12.54 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Kapstone Paper & Packaging Corp, Reznik Maurice S had purchased shares worth of $146,800 in a transaction dated on May 16, 2016. A total of 10,000 shares were purchased at a price of $14.68 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

KapStone Paper and Packaging Corporation is engaged in manufacture and sale of containerboard, corrugated products and specialty paper for industrial and consumer markets. Containerboard, consisting of linerboard and corrugated medium, is used to manufacture corrugated containers for packaging products. The Company produces three general categories of kraft paper: Multiwall paper; Specialty products and Lightweight paper. Specialty products are also used to produce shingle wrap, end caps, roll wrap, pet food, cement and chemicals, grocery bags and dunnage bags. The Companys specialty paper products are manufactured for a variety of converters, including laminators, coaters, insulation manufacturers, agricultural product processors and food product packaging producers. As of December 31, 2014, the Company operated 21 corrugated products manufacturing plants. The Company also has multi-color printing capabilities to make graphics boxes and display.

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