KeyBanc Sticks to Its Sell Rating for WestRock (WRK)

KeyBanc analyst Adam Josephson maintained a Sell rating on WestRock (WRKResearch Report) today and set a price target of $27.50. The company’s shares closed today at $36.95.

According to TipRanks, Josephson is an analyst with an average return of -4.7% and a 48.89% success rate. Josephson covers the Basic Materials sector, focusing on stocks such as WestRock, AptarGroup, and Avery Dennison.

Currently, the analyst consensus on WestRock is a Hold with an average price target of $37.56.

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The company has a one-year high of $53.76 and a one-year low of $29.85. Currently, WestRock has an average volume of 2.02M.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WRK in relation to earlier this year.

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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. 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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