The lowest target is $22.0 while the high is $35.0. Gradient Invs Limited Liability Company reported 0.49% of its portfolio in International Paper Company (NYSE:IP). For the next fiscal year, analysts forecast that the business will report sales of $3.40 billion per share, with estimates ranging from $3.24 billion to $3.55 billion.
KapStone Paper and Packaging (NYSE KS) opened at $26.24 on Wednesday.
KapStone Paper and Packaging (NYSE:KS) last issued its quarterly earnings results on Wednesday, October 25th. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The company had revenue of $868.42 million during the quarter, compared to analyst estimates of $839.36 million. The business's revenue for the quarter was up 11.8% compared to the same quarter previous year.
A number of other research analysts have also weighed in on KS. The stock has "Buy" rating by BMO Capital Markets on Friday, June 9. The stock's average target of $27.33 is -37.20% below today's ($43.52) share price.
Barclays PLC cut shares of KapStone Paper and Packaging Corporation (NYSE:KS) from an overweight rating to an equal weight rating in a research note released on Monday morning. Zacks Investment Research raised shares of KapStone Paper and Packaging from a "sell" rating to a "hold" rating in a research note on Wednesday. Intersect holds 0.76% of its portfolio in International Paper Company (NYSE:IP) for 23,619 shares.
Man killed, woman hospitalized after vehicle enters Hayden Lake
When KCSO and other agencies arrived on scene, crews found Berkey holding onto the dock but still in the water. They tried to remove Lancaster from vehicle but were not successful until KCSO dive teams were deployed.
Ratings analysis reveals 56% of International Paper Company's analysts are positive. The company presently has a consensus rating of "Buy" and an average target price of $26.63.
In other news, VP Andrea K. Tarbox sold 32,486 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total value of $680,581.70. Following the completion of the sale, the vice president now owns 157,336 shares of the company's stock, valued at approximately $3,296,189.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
In related news, Director John Chapman sold 70,765 shares of the company's stock in a transaction that occurred on Thursday, November 16th. NY now owns 1,680,800 shares of the basic materials company's stock valued at $36,120,000 after purchasing an additional 8,950 shares during the period. Following the sale, the director now directly owns 445,056 shares in the company, valued at approximately $9,257,164.80. The disclosure for this sale can be found here.
A number of hedge funds have recently made changes to their positions in KS. Sei Investments Co. now owns 78,846 shares of the basic materials company's stock valued at $1,695,000 after purchasing an additional 78,675 shares during the period. Flinton Capital Management LLC raised its position in KapStone Paper and Packaging by 75.3% in the second quarter. Point72 Asset Management L.P. now owns 3,360,888 shares of the basic materials company's stock valued at $72,225,000 after purchasing an additional 1,148,963 shares in the last quarter. Finally, Paradigm Capital Management Inc. New York State Common Retirement Fund owned about 0.42% of KapStone Paper and Packaging worth $8,682,000 as of its most recent SEC filing. Victory Capital Management Inc. raised its position in KapStone Paper and Packaging by 17.6% in the second quarter. The institutional investor owned 404,016 shares of the basic materials company's stock after selling 7,516 shares during the quarter. Institutional investors and hedge funds own 86.08% of the company's stock.
KapStone Paper and Packaging (KS) opened at $25.98 on Friday.
Tallgrass Energy Partners (NYSE:TEP) Downgraded to "Hold" at US Capital Advisors
It turned negative, as 30 investors sold CARB shares while 35 reduced holdings. 55 funds opened positions while 111 raised stakes. Tortoise Capital Advisors Llc acquired 195,068 shares as Tallgrass Energy Partners Lp (TEP)'s stock declined 5.30%.
KapStone Paper and Packaging Corp. has a 52 week low of $19.59 and a 52 week high of $26.47. Ffcm LLC now owns 2,081 shares of the basic materials company's stock valued at $119,000 after purchasing an additional 1,242 shares in the last quarter. The firm has a market capitalization of $2,520.00, a PE ratio of 34.64, a P/E/G ratio of 1.27 and a beta of 2.76.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.10 dividend. The ex-dividend date was Thursday, December 28th. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31. KapStone Paper and Packaging's payout ratio is now 53.33%. The original version of this article can be viewed at https://registrarjournal.com/2018/01/12/kapstone-paper-and-packaging-corp-ks-stake-lessened-by-california-state-teachers-retirement-system.html.
TRADEMARK VIOLATION WARNING: This report was published by The Lincolnian Online and is owned by of The Lincolnian Online.
KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. After having $1.08 EPS previously, International Paper Company's analysts see 10.19% EPS growth. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.
Trump Gives The Iran Deal One Last Lifeline
On Friday, Trump said the United States would withdraw from the Iranian nuclear deal unless its "disastrous flaws" were fixed. Trump has argued behind the scenes that the nuclear deal makes the United States look weak, a senior USA official said.