Deutsche Bank Upgrades KapStone Paper and Packaging Corp. to Buy

Brokerage firm Deutsche Bank Upgrades its rating on KapStone Paper and Packaging Corp.(NYSE:KS). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Deutsche Bank was issued on Sep 23, 2016.

In a different note, On Sep 22, 2016, BMO Capital said it Upgrades its rating on KapStone Paper and Packaging Corp.. The shares have been rated ‘Outperform’ by the firm. On Sep 19, 2016, Dundee said it Downgrades its rating on KapStone Paper and Packaging Corp.. The shares have been rated ‘Neutral’ by the firm. On Sep 16, 2016, Standpoint Research said it Downgrades its rating on KapStone Paper and Packaging Corp.. The shares have been rated ‘Hold’ by the firm. On Aug 29, 2016, Bank of America said it Upgrades its rating on KapStone Paper and Packaging Corp.. The shares have been rated ‘Neutral’ by the firm. On Aug 10, 2016, Deutsche Bank said it Maintains its rating on KapStone Paper and Packaging Corp.. In the research note, the firm Raises the price-target to $14.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 19, 2016, Dundee said it Upgrades its rating on KapStone Paper and Packaging Corp.. The shares have been rated ‘Buy’ by the firm.

KapStone Paper and Packaging Corp. (KS) shares turned negative on Tuesdays trading session with the shares closing down -0.22 points or -1.16% at a volume of 17,29,051. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.9. The peak price level was also seen at $18.9 while the days lowest was $18.27. Finally the shares closed at $18.71. The 52-week high of the shares is $24.91 while the 52-week low is $8.95. According to the latest information available, the market cap of the company is $1,807 M.

KapStone Paper and Packaging Corp.(KS) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $784.91M. Analysts had an estimated revenue of $820.11M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.29.

Several Insider Transactions has been reported to the SEC. On Aug 8, 2016, Jonathan R Furer (director) sold 25,000 shares at $15.09 per share price.Also, On May 17, 2016, Maurice S Reznik (director) purchased 10,000 shares at $14.68 per share price.On Feb 26, 2016, Robert J Bahash (director) purchased 20,000 shares at $9.22 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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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