KeyBanc analyst Adam Josephson maintained a Hold rating on WestRock LLC (NYSE: WRK) today. The company’s shares opened today at $56.
Josephson observed:
“We are ever so slightly reducing our FY18 adj. EBITDA estimate to $2.914 billion from $2.92 billion (guidance is >$2.9 billion), while we are maintaining our FY19 estimate of $3.0 billion (consensus is $3.1 billion). We are also maintaining our FY18 adj. FCF estimate of $1.45 billion, though slightly increasing our FY19 estimate to $1.2 billion from $1.15 billion; WRK indicated on its call that its FY19 capex (pre-KapStone) could be $250 million-$300 million higher in Company should have significantly lower land sales next year.”
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 7.4% and a 63.3% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Graphic Packaging.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for WestRock LLC with a $69 average price target.
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The company has a one-year high of $71.55 and a one-year low of $52.78. Currently, WestRock LLC has an average volume of 1.57M.
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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.
