KapStone Paper and Packaging Corporation (KS) : 9 analysts are covering KapStone Paper and Packaging Corporation (KS) and their average rating on the stock is 2.22, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. KapStone Paper and Packaging Corporation (KS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
KapStone Paper and Packaging Corporation (KS) : 7 Wall Street analysts covering KapStone Paper and Packaging Corporation (KS) believe that the average level the stock could reach for the short term is $18.64. The maximum price target given is $28 and the minimum target for short term is around $11, hence the standard deviation is calculated at $5.23.
Also, Brokerage firm Bank of America upgrades its rating on KapStone Paper and Packaging Corporation (NYSE:KS). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 29, 2016.
KapStone Paper and Packaging Corporation (NYSE:KS): After opening at $17.6, the stock dipped to an intraday low of $17.56 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.15 and the buying power remained strong till the end. The stock closed at $17.87 for the day, a gain of 2.17% for the day session. The total traded volume was 688,568. The stocks close on the previous trading day was $17.49.
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.