RBC Capital Issues a Buy Rating on KapStone Paper

By Jason Carr

RBC Capital analyst Paul Quinn reiterated a Buy rating on KapStone Paper (NYSE: KS) yesterday and set a price target of $26. The company’s shares closed yesterday at $22.27.

According to TipRanks.com, Quinn is a top 25 analyst with an average return of 22.1% and a 82.1% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Mercer International Inc, International Paper Co, and Meadwestvaco Corp.

Currently, the analyst consensus on KapStone Paper is Moderate Buy and the average price target is $27, representing a 21.2% upside.

In a report issued on April 7, BMO Capital also reiterated a Buy rating on the stock with a $28 price target.

KapStone Paper’s market cap is currently $2.13B and has a P/E ratio of 24.80. The company has a book value ratio of 2.3585.

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KapStone Paper & Packaging Corp. engages in the manufacturing of paper container and packaging products. It operates through the Paper and Packaging and Distribution segments. The Paper and Packaging segment includes manufacturing and selling container board, corrugated products, and specialty paper. The Distribution segment involves in packaging solutions and services and distributes corrugated packaging materials. The company was founded on April 15, 2005 and is headquartered in Northbrook, IL.