Shares of WestRock Co. (NYSE:WRK) rose 5.4% during mid-day trading on Thursday . The stock traded as high as $47.31 and last traded at $46.88, with a volume of 1,564,285 shares changing hands. The stock had previously closed at $44.47.

WRK has been the subject of several recent research reports. Jefferies Group restated a “buy” rating on shares of WestRock in a research report on Monday. Deutsche Bank AG restated a “buy” rating and set a $46.00 target price on shares of WestRock in a research report on Wednesday, June 15th. Barclays PLC boosted their target price on shares of WestRock from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $52.00 price target on shares of WestRock in a report on Friday, August 5th. Finally, Zacks Investment Research downgraded shares of WestRock from a “hold” rating to a “strong sell” rating in a report on Monday, July 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $55.29.

The stock’s 50 day moving average price is $43.01 and its 200-day moving average price is $39.27. The firm’s market cap is $11.71 billion.

WestRock (NYSE:WRK) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The business earned $3.60 million during the quarter, compared to analyst estimates of $3.70 billion. WestRock’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 EPS. On average, analysts forecast that WestRock Co. will post $3.96 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Friday, August 12th were issued a $0.375 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.50 annualized dividend and a yield of 3.19%.

A hedge fund recently raised its stake in WestRock stock. American International Group Inc. raised its stake in WestRock Co. (NYSE:WRK) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,831 shares of the company’s stock after buying an additional 401 shares during the period. American International Group Inc.’s holdings in WestRock were worth $4,600,000 as of its most recent filing with the SEC.

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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