WestRock Co. (NYSE:WRK) saw strong trading volume on Wednesday . 1,963,601 shares traded hands during mid-day trading, an increase of 11% from the previous session’s volume of 1,763,607 shares.The stock last traded at $37.27 and had previously closed at $37.04.

Several analysts have commented on the stock. Credit Suisse Group AG reiterated a “buy” rating and issued a $52.00 price target on shares of WestRock in a research note on Tuesday, May 3rd. Jefferies Group reiterated a “buy” rating and issued a $54.00 price target on shares of WestRock in a research note on Monday, May 2nd. BMO Capital Markets reiterated a “buy” rating on shares of WestRock in a research note on Monday, May 2nd. Barclays PLC boosted their price target on shares of WestRock from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, May 2nd. Finally, Zacks Investment Research upgraded shares of WestRock from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $55.80.

The company has a 50-day moving average price of $38.97 and a 200 day moving average price of $38.27. The company’s market cap is $9.35 billion.

WestRock (NYSE:WRK) last posted its quarterly earnings data on Friday, April 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.09. The company had revenue of $3.70 million for the quarter, compared to analysts’ expectations of $3.74 million. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts anticipate that WestRock Co. will post $3.96 earnings per share for the current fiscal year.

A number of institutional investors recently bought and sold shares of the stock. Boston Partners increased its position in WestRock by 16.3% in the fourth quarter. Boston Partners now owns 6,110,360 shares of the company’s stock valued at $278,755,000 after buying an additional 857,386 shares in the last quarter. Vanguard Group Inc. increased its position in WestRock by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 22,009,887 shares of the company’s stock valued at $1,004,090,000 after buying an additional 521,873 shares in the last quarter. First Trust Advisors LP increased its position in WestRock by 733.2% in the fourth quarter. First Trust Advisors LP now owns 374,427 shares of the company’s stock valued at $17,081,000 after buying an additional 329,490 shares in the last quarter. RidgeWorth Capital Management LLC increased its position in WestRock by 13.6% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,741,537 shares of the company’s stock valued at $125,069,000 after buying an additional 328,293 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in WestRock by 853.5% in the fourth quarter. Victory Capital Management Inc. now owns 358,887 shares of the company’s stock valued at $16,372,000 after buying an additional 321,247 shares in the last quarter.

Westrock Company is a provider of packaging solutions and manufactures containerboard and paperboard. The Company’s operating segments include Corrugated Packaging, Consumer Packaging, Specialty Chemicals, and Land and Development. The Company operates in North America, South America, Europe and Asia.

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