Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Westrock (NYSE:WRK) Stock Price
Media headlines about Westrock (NYSE:WRK) have trended somewhat positive on Thursday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westrock earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.6453882258283 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- WestRock Co (WRK), and Canadian National Railway Co (CNR.TO) Seeing Increased Action in Session – Bulletin News (orobulletin.com)
- Discover High Dividend Stock: WestRock Company (WRK) triggers Yield of 2.85% – Voice Of Analysts (analystsbuzz.com)
- Chartists Placing WestRock Co (WRK) on Their Radar – Evergreen Caller (evergreencaller.com)
- Westrock Company (WRK) Position Increased by Norges Bank – First News 24 (firstnewspaper24.com)
- See what the IHS Markit Score report has to say about WestRock Co. (finance.yahoo.com)
Westrock (WRK) traded down 1.62% during mid-day trading on Thursday, reaching $55.23. 1,176,364 shares of the company’s stock traded hands. The stock’s 50 day moving average is $57.76 and its 200-day moving average is $54.52. Westrock has a 52 week low of $43.57 and a 52 week high of $60.36. The stock has a market capitalization of $14.10 billion, a PE ratio of 33.51 and a beta of 1.37.
Westrock (NYSE:WRK) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Westrock had a net margin of 2.92% and a return on equity of 6.38%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. On average, equities analysts anticipate that Westrock will post $2.62 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Friday, August 11th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.60 annualized dividend and a yield of 2.90%. Westrock’s dividend payout ratio (DPR) is 97.56%.
A number of research analysts have recently issued reports on the stock. Barclays PLC lifted their price objective on shares of Westrock from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Westrock from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Westrock in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) raised shares of Westrock from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, July 13th. Finally, BidaskClub downgraded shares of Westrock from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $61.91.
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In other Westrock news, Director John A. Luke, Jr. sold 10,343 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $59.43, for a total value of $614,684.49. Following the transaction, the director now directly owns 497,557 shares in the company, valued at $29,569,812.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 41,372 shares of company stock worth $2,404,334 over the last quarter. 2.68% of the stock is currently owned by insiders.
Westrock Company Profile
WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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