KeyBanc analyst Adam Josephson reiterated a Hold rating on WestRock LLC (WRK) today. The company’s shares opened today at $40.71.
Josephson said:
“We were below FY19 guidance coming in given some of these drags and our concerns about containerboard fundamentals, and we remain below guidance. We think the shares are fairly valued at ~6x EBITDA (roughly in line with historical averages) given WRK’s leverage, deteriorating N.A. containerboard industry fundamentals, and risks in the N.A. SBS market.”
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 8.6% and a 65.7% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as Avery Dennison Corp, Graphic Packaging, and Clearwater Paper.
The word on The Street in general, suggests a Hold analyst consensus rating for WestRock LLC with a $46.83 average price target, representing a 15.0% upside. In a report issued on January 28, Barclays also maintained a Hold rating on the stock with a $40 price target.
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The company has a one-year high of $67.96 and a one-year low of $35.20. Currently, WestRock LLC has an average volume of 2.49M.
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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 & Development.
