Barclays analyst Scott Gaffner maintained a Hold rating on WestRock LLC (NYSE: WRK) today and set a price target of $62. The company’s shares opened today at $56.07.
According to TipRanks.com, Gaffner is a 4-star analyst with an average return of 8.9% and a 58.6% success rate. Gaffner covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Ardagh Group SA.
Currently, the analyst consensus on WestRock LLC is a Moderate Buy with an average price target of $68.50, which is a 22.2% upside from current levels. In a report issued on August 2, KeyBanc also maintained a Hold rating on the stock.
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Based on WestRock LLC’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $268 million. In comparison, last year the company had a net profit of $328 million.
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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 and Development.
