WestRock Co. (NYSE:WRK) Receives Consensus Rating of “Hold” from Brokerages
Shares of WestRock Co. (NYSE:WRK) have received a consensus recommendation of “Hold” from the sixteen analysts that are covering the company. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $53.71.
A number of research firms recently commented on WRK. Barclays PLC lifted their price target on shares of WestRock from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, August 11th. Credit Suisse Group AG set a $50.00 price target on shares of WestRock and gave the stock a “buy” rating in a report on Friday, August 5th. Deutsche Bank AG set a $50.00 price target on shares of WestRock and gave the stock a “buy” rating in a report on Friday, August 5th. Citigroup Inc. lifted their price target on shares of WestRock from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Bank of America Corp. reaffirmed a “hold” rating and issued a $45.00 price target on shares of WestRock in a report on Friday, August 5th.
In related news, Director John A. Luke, Jr. sold 188,103 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $46.62, for a total value of $8,769,361.86. Following the completion of the transaction, the director now directly owns 837,343 shares in the company, valued at $39,036,930.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.41% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Mizuho Asset Management Co. Ltd. bought a new position in shares of WestRock during the second quarter valued at about $135,000. Botty Investors LLC bought a new position in shares of WestRock during the second quarter valued at about $137,000. Societe Generale bought a new position in shares of WestRock during the second quarter valued at about $201,000. Advisor Partners LLC bought a new position in shares of WestRock during the first quarter valued at about $203,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of WestRock by 16.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,501 shares of the company’s stock valued at $215,000 after buying an additional 784 shares during the period. Institutional investors own 90.31% of the company’s stock.
WestRock (NYSE:WRK) traded down 0.42% during midday trading on Tuesday, reaching $47.47. The company’s stock had a trading volume of 593,815 shares. WestRock has a 12 month low of $29.73 and a 12 month high of $57.85. The company’s market cap is $11.81 billion. The stock has a 50-day moving average price of $45.84 and a 200 day moving average price of $41.08.
WestRock (NYSE:WRK) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $3.60 million for the quarter, compared to analysts’ expectations of $3.70 billion. WestRock had a negative net margin of 1.27% and a positive return on equity of 6.71%. WestRock’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 EPS. Analysts expect that WestRock will post $3.96 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Friday, August 12th were given a $0.375 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.50 annualized dividend and a yield of 3.15%. WestRock’s dividend payout ratio (DPR) is presently -202.70%.
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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