A number of other research firms have also recently issued reports on WRK. Citigroup cut their target price on shares of WestRock from $80.00 to $75.00 and set a buy rating for the company in a research note on Tuesday, July 10th. ValuEngine upgraded shares of WestRock from a sell rating to a hold rating in a research note on Thursday, August 2nd. Wells Fargo & Co began coverage on shares of WestRock in a research note on Friday, September 21st. They set a market perform rating and a $63.00 target price for the company. Barclays cut their target price on shares of WestRock from $64.00 to $62.00 and set an equal weight rating for the company in a research note on Thursday, August 9th. Finally, Zacks Investment Research cut shares of WestRock from a hold rating to a sell rating in a research note on Thursday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $64.50.
Shares of WRK opened at $45.81 on Tuesday. WestRock has a one year low of $39.21 and a one year high of $71.55. The stock has a market capitalization of $11.94 billion, a PE ratio of 11.20, a PEG ratio of 0.89 and a beta of 1.58. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.49.
WestRock (NYSE:WRK) last announced its quarterly earnings data on Monday, November 5th. The basic materials company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.28 billion. WestRock had a net margin of 11.70% and a return on equity of 9.26%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS. On average, research analysts forecast that WestRock will post 4.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Friday, November 9th will be paid a $0.455 dividend. This is a boost from WestRock’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.82 annualized dividend and a yield of 3.97%. WestRock’s payout ratio is 42.05%.
A number of institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board raised its stake in WestRock by 4,347.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 156,121 shares of the basic materials company’s stock worth $8,343,000 after purchasing an additional 152,611 shares in the last quarter. Crawford Investment Counsel Inc. raised its position in shares of WestRock by 19.5% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 10,537 shares of the basic materials company’s stock valued at $563,000 after buying an additional 1,717 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of WestRock by 3.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 257,628 shares of the basic materials company’s stock valued at $13,768,000 after buying an additional 8,478 shares in the last quarter. American International Group Inc. raised its position in shares of WestRock by 24.7% in the 3rd quarter. American International Group Inc. now owns 125,638 shares of the basic materials company’s stock valued at $6,714,000 after buying an additional 24,854 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of WestRock by 1.3% in the 3rd quarter. BlackRock Inc. now owns 19,964,676 shares of the basic materials company’s stock valued at $1,066,913,000 after buying an additional 250,108 shares in the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.
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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