WestRock Co (NYSE:WRK) has earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $67.10.
A number of equities research analysts recently issued reports on WRK shares. Citigroup decreased their price objective on shares of WestRock from $75.00 to $54.00 and set a “buy” rating for the company in a report on Thursday. Goldman Sachs Group cut shares of WestRock from a “conviction-buy” rating to a “buy” rating and set a $64.00 price objective for the company. in a report on Wednesday. ValuEngine cut shares of WestRock from a “sell” rating to a “strong sell” rating in a report on Tuesday. Wells Fargo & Co decreased their price objective on shares of WestRock from $63.00 to $53.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, BMO Capital Markets cut shares of WestRock from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $80.00 to $54.00 in a report on Tuesday.
A number of large investors have recently modified their holdings of WRK. CIBC World Markets Inc. lifted its stake in shares of WestRock by 9.4% in the second quarter. CIBC World Markets Inc. now owns 10,969 shares of the basic materials company’s stock valued at $625,000 after buying an additional 940 shares during the period. Clear Harbor Asset Management LLC lifted its stake in shares of WestRock by 1.9% in the second quarter. Clear Harbor Asset Management LLC now owns 52,032 shares of the basic materials company’s stock valued at $2,967,000 after buying an additional 990 shares during the period. Greenleaf Trust lifted its stake in shares of WestRock by 24.9% in the second quarter. Greenleaf Trust now owns 5,309 shares of the basic materials company’s stock valued at $303,000 after buying an additional 1,059 shares during the period. Telemus Capital LLC lifted its stake in shares of WestRock by 1.4% in the second quarter. Telemus Capital LLC now owns 85,570 shares of the basic materials company’s stock valued at $4,879,000 after buying an additional 1,209 shares during the period. Finally, OLD National Bancorp IN lifted its stake in shares of WestRock by 15.4% in the second quarter. OLD National Bancorp IN now owns 9,169 shares of the basic materials company’s stock valued at $522,000 after buying an additional 1,221 shares during the period. Hedge funds and other institutional investors own 85.14% of the company’s stock.
Shares of NYSE WRK traded up $0.66 during mid-day trading on Wednesday, reaching $42.61. The company had a trading volume of 3,368,371 shares, compared to its average volume of 1,757,836. WestRock has a twelve month low of $41.86 and a twelve month high of $71.55. The company has a current ratio of 1.56, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $13.63 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.18 and a beta of 1.32.
WestRock (NYSE:WRK) last posted its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.03. WestRock had a net margin of 11.31% and a return on equity of 8.49%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the prior year, the business posted $0.74 earnings per share. WestRock’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, analysts predict that WestRock will post 4.06 EPS for the current year.
WestRock Company Profile
WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.
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