RBC Capital analyst Matt McKellar maintained a Hold rating on WestRock (WRK – Research Report) yesterday and set a price target of $42.00. The company’s shares closed yesterday at $42.18.
According to TipRanks, McKellar is a 4-star analyst with an average return of 10.1% and a 73.91% success rate. McKellar covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, WestRock, and Cascades.
WestRock has an analyst consensus of Moderate Buy, with a price target consensus of $41.83, implying a -0.83% downside from current levels. In a report released on January 4, Truist Financial also maintained a Hold rating on the stock with a $48.00 price target.
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Based on WestRock’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.99 billion and a net profit of $109.8 million. In comparison, last year the company earned a revenue of $5.4 billion and had a net profit of $344.5 million
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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.
Read More on WRK:
- WestRock price target raised to $48 from $40 at Truist
- Early notable gainers among liquid option names on December 27th
- WestRock price target raised to $45 from $40 at BofA
- Early notable gainers among liquid option names on November 30th
- Early notable gainers among liquid option names on November 28th
