Economy

Ameriprise Financial Inc. Boosts Holdings in KapStone Paper and Packaging Corporation (KS)

The company has market cap of $2.39 billion. The Company's product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal fix, and other. It has a 22.32 P/E ratio. The specialty hospitals segment consists of hospitals created to serve the needs of long term acute patients and hospitals created to serve patients that require intensive medical rehabilitation care. Out of 3 Wall Street analysts rating Cerulean Pharma, 1 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Therefore 40% are positive. KapStone Paper and Packaging Corp. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. BidaskClub cut shares of Packaging Corporation of America from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 19th. The rating was downgraded by Bank of America to "Neutral" on Tuesday, September 15. The firm has "Buy" rating given on Tuesday, October 18 by Bank of America. The firm has a market capitalization of $2.12 billion, a PE ratio of 28.85 and a beta of 2.81. Goldman Sachs upgraded the stock to "Neutral" rating in Thursday, July 13 report. The company was maintained on Monday, September 11 by KeyBanc Capital Markets. The stock of Packaging Corp Of America (NYSE:PKG) has "Buy" rating given on Friday, July 14 by Jefferies. The company was maintained on Tuesday, August 30 by Barclays Capital. Camber Capital Management Llc owns 5.00 million shares or 3.74% of their U.S. portfolio.

Hanseatic Management Services Inc decreased Banco Bradesco Sa (NYSE:BBD) stake by 89,513 shares to 144 valued at $1,000 in 2017Q2. The Texas-based Smith Graham & Co. Wendell David Associates, a New Hampshire-based fund reported 42,994 shares. The stock decreased 0.23% or $0.1 on September 22, reaching $44.2. About shares traded. Select Medical Holdings Corporation (SEM) has risen 12.50% since September 21, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. First Trust Advisors LP owned 0.12% of KapStone Paper and Packaging Corporation worth $2,344,000 at the end of the most recent reporting period. During the same quarter a year ago, the firm earned $1.25 EPS. The Hanseatic Management Services Inc holds 25,374 shares with $2.83M value, up from 411 last quarter.

Packaging Corporation of America may be a good fit for your portfolio or it may not, but at least you have a better understanding of the Packaging & Containers industry, which can help you later on down the road. The company has market cap of $18.81 million. The Firm operates through three divisions: Packaging, Paper, and Corporate and Other. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

(NYSE:KS) news were published by: Seekingalpha.com which released: "KapStone Paper and Packaging's (KS) CEO Matt Kaplan on Q1 2017 Results ..." on April 29, 2017, also Seekingalpha.com with their article: "KapStone Paper and Packaging's (KS) CEO Matt Kaplan on Q4 2016 Results ..." published on February 09, 2017, Seekingalpha.com published: "KapStone Paper and Packaging's (KS) CEO Matt Kaplan on Q2 2017 Results ..." on July 30, 2017. Narrowing in a bit closer, the 5 month price index is 0.91286, the 3 month is 1.06229, and the 1 month is now 1.04385. It is negative, as 43 investors sold Packaging Corp Of America shares while 167 reduced holdings. 49 funds opened positions while 119 raised stakes. The stock of Packaging Corp Of America (NYSE:PKG) earned "Neutral" rating by Citigroup on Wednesday, August 31. Amer Century has 537,878 shares.

A number of equities research analysts have recently issued reports on KS shares. The basic materials company reported $0.27 EPS for the quarter, hitting analysts' consensus estimates of $0.27. Livforsakringsbolaget Skandia Omsesidigt holds 7,000 shares or 0.07% of its portfolio. Aberdeen Asset Mgmt Plc Uk holds 97,193 shares. Allstate holds 0.05% in Packaging Corp Of America (NYSE:PKG) or 8,090 shares. Moreover, Usca Ria Ltd Llc has 0.54% invested in Packaging Corp Of America (NYSE:PKG) for 37,599 shares. Bancorp Of Montreal Can invested in 0.01% or 75,225 shares. Allstate Corp holds 0.05% or 8,090 shares in its portfolio. Tci Wealth Inc has invested 0.02% of its portfolio in Packaging Corp Of America (NYSE:PKG). Cubist Systematic Strategies Ltd Company holds 0.13% or 34,401 shares in its portfolio. The ROIC 5 year average of Packaging Corporation of America (NYSE:PKG) is 0.187063. 3,821 are owned by Driehaus Capital Mgmt Limited.

Placing Packaging Corporation of America (NYSE:PKG) shares under the microscope we note that the firm has a current Return on Equity of 0.255009. They expect $0.46 EPS, up 70.37% or $0.19 from last year's $0.27 per share. Principal Fincl Group Inc owns 0.14% invested in Packaging Corp Of America (NYSE:PKG) for 1.30M shares. Packaging Corporation of America (PKG) shares have been seen trading -2.70% off its 52 week- peak value and changed 48.93% from its 52 week-bottom price value.

In related news, VP Thomas A. Hassfurther sold 6,000 shares of Packaging Corporation of America stock in a transaction that occurred on Tuesday, September 12th.

Ameriprise Financial Inc. boosted its position in shares of KapStone Paper and Packaging Corporation (NYSE:KS) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. It has outperformed by 38.22% the S&P500.



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