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TheStreet Wire

KapStone Paper And Packaging Reaches New 52-Week High (KS)

By TheStreet Wire 02/16/12 - 10:35 AM EST

Find out if (KS) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- KapStone Paper And Packaging Corporation (NYSE:KS) hit a new 52-week high Thursday as it is currently trading at $19.18, above its previous 52-week high of $19.15 with 24,809 shares traded as of 10:08 a.m. ET. Average volume has been 247,400 shares over the past 30 days.

KapStone Paper And Packaging has a market cap of $832 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 20.2% year to date as of the close of trading on Wednesday.

KapStone Paper and Packaging Corporation engages in the production and sale of unbleached kraft, linerboard, saturating kraft, and unbleached folding carton boards primarily in the Americas, Europe, and Asia. The company has a P/E ratio of 14.4, above the average consumer non-durables industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates KapStone Paper And Packaging as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full KapStone Paper And Packaging Ratings Report.

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