KeyBanc Sticks to Its Sell Rating for WestRock (WRK)

In a report released today, Adam Josephson from KeyBanc maintained a Sell rating on WestRock (WRKResearch Report), with a price target of $27.00. The company’s shares closed last Wednesday at $30.69.

According to TipRanks.com, Josephson is a 5-star analyst with an average return of 13.2% and a 74.0% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Berry Global Group, and Graphic Packaging.

Currently, the analyst consensus on WestRock is a Moderate Buy with an average price target of $29.00.

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The company has a one-year high of $44.39 and a one-year low of $21.50. Currently, WestRock has an average volume of 3.04M.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WRK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.