KapStone Paper and Packaging Corporation (KS) : The highest short term price target forecast on KapStone Paper and Packaging Corporation (KS) is $24 and the lowest target price is $11. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $17.79 with a standard deviation of $4.06.
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.
Also, Brokerage firm Deutsche Bank maintains its rating on KapStone Paper and Packaging Corporation (NYSE:KS). As per the latest information, the brokerage house raises the price target to $15 per share from a prior target of $14. The shares have been rated Hold. The rating by the firm was issued on August 10, 2016.
KapStone Paper and Packaging Corporation (NYSE:KS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.50 and $17.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.99, notching a gain of 2.74% for the day. The total traded volume was 1,095,417 . The stock had closed at $17.51 on the previous day.
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.