RBC Capital analyst Matt McKellar maintained a Hold rating on WestRock (WRK – Research Report) yesterday and set a price target of $40.00. The company’s shares closed yesterday at $38.23.
McKellar covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, Clearwater Paper, and WestRock. According to TipRanks, McKellar has an average return of -0.9% and a 46.67% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for WestRock with a $39.38 average price target, which is a 3.01% upside from current levels. In a report released on November 9, Truist Financial also maintained a Hold rating on the stock with a $44.00 price target.
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WRK market cap is currently $9.85B and has a P/E ratio of -6.93.
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WestRock (WRK) Company Description:
WestRock Co. engages in the provision of paper and packaging solutions for consumer, and corrugated packaging markets. It operates through the following segments: Corrugated Packaging, Consumer Packaging and Land & Development. The Corrugated Packaging segment consists of containerboard mill and corrugated packaging operations, as well as recycling operations. The Consumer Packaging segment offers consumer mills, folding carton, beverage, merchandising displays, home, health, and beauty dispensing, and partition operations. The Land and Development segment sells real estate. WestRock was founded on March 6, 2015 and is headquartered in Atlanta, GA.
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