WestRock Co. (WRK) Trading 5.4% Higher
WestRock Co. (NYSE:WRK)’s share price traded up 5.4% 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.
Several equities analysts recently weighed in on the stock. Jefferies Group restated a “buy” rating on shares of WestRock in a research report on Monday, August 22nd. BMO Capital Markets reiterated a “buy” rating and set a $52.00 target price on shares of WestRock in a research report on Friday, August 5th. Bank of America Corp. reiterated a “hold” rating and set a $45.00 target price on shares of WestRock in a research report on Friday, August 5th. Barclays PLC increased their target price on shares of WestRock from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 11th. Finally, Deutsche Bank AG set a $50.00 target price on shares of WestRock and gave the stock a “buy” rating in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $54.50.
The company’s market capitalization is $11.95 billion. The stock’s 50-day moving average price is $43.31 and its 200 day moving average price is $39.38.
WestRock (NYSE:WRK) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $3.60 million for the quarter, compared to the consensus estimate of $3.70 billion. WestRock’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 EPS. Analysts predict that WestRock Co. will post $3.96 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Friday, August 12th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Wednesday, August 10th.
A hedge fund recently raised its stake in WestRock stock. American International Group Inc. increased its position in shares of 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 institutional investor 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 at the end of the most recent reporting period.
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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