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Equities researchers at BMO Capital Markets initiated coverage on shares of Rock-Tenn Company (NYSE:RKT) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $51.00 price target on the stock. BMO Capital Markets’ price objective would indicate a potential downside of 0.57% from the company’s current price.

Rock-Tenn Company (NYSE:RKT) opened at 51.29 on Thursday. Rock-Tenn Company has a 52 week low of $46.06 and a 52 week high of $63.025. The stock’s 50-day moving average is $48.92 and its 200-day moving average is $50.81. The company has a market cap of $7.252 billion and a price-to-earnings ratio of 14.94.

Rock-Tenn Company (NYSE:RKT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.80 by $0.17. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the company posted $2.16 earnings per share. Rock-Tenn Company’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Rock-Tenn Company will post $3.55 earnings per share for the current fiscal year.

RKT has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “underperform” rating on shares of Rock-Tenn Company in a research note on Thursday, August 7th. They now have a $44.50 price target on the stock. Separately, analysts at Macquarie downgraded shares of Rock-Tenn Company from an “outperform” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $53.00 price target on the stock, down previously from $62.50. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $58.60.

Rock-Tenn Company (NYSE:RKT) is a North America’s integrated manufacturer of corrugated and consumer packaging.

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