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KapStone Paper and Packaging (KS) produces and sells containerboard, corrugated products, and specialty paper products in the United States and internationally.
The company offers containerboards consisting of linerboard and corrugated medium to converters in the corrugated packaging industry, and to other converters for various uses, including laminated tier sheets and wrapping materials.
Its specialty paper products include Kraft paper comprising multiwall paper used to produce bags for agricultural products, pet food, baking products, cement and chemicals, and grocery bags, as well as specialty conversion products, such as wrapping paper products, dunnage bags, and roll wraps; specialty paper; and lightweight paper.
The company also offers specialty paper products comprising saturating kraft paper under the Durasorb trade name; and unbleached folding carton board under the Kraftpak trade name to integrated and independent converters in the folding carton industry.
Shares have formed a bullish "cup and handle" after the company reported stronger than expected earnings on February 10th. We expect higher share prices for this stock.
52-Week Trading Range: $13.13 - $32.82
Entry Point: $30.50
Stop Loss: $28.98
Target Price: $33.55
KS fell below our stop loss.
