A number of firms have modified their ratings and price targets on shares of Westrock (NYSE: WRK) recently:

  • 8/11/2017 – Westrock was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/7/2017 – Westrock had its price target raised by analysts at Barclays PLC from $54.00 to $58.00. They now have an “equal weight” rating on the stock.
  • 8/4/2017 – Westrock had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $69.00 price target on the stock.
  • 7/24/2017 – Westrock was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/18/2017 – Westrock had its price target raised by analysts at Barclays PLC from $52.00 to $54.00. They now have an “equal weight” rating on the stock.
  • 7/14/2017 – Westrock was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “WestRock expects third-quarter fiscal 2017 earnings to be sequentially higher, benefiting from seasonally higher volumes, favorable mix and productivity. The company’s productivity and performance improvement programs across its manufacturing footprint as well as its cost-saving actions, remain tailwinds. WestRock's acquisition of assets of Island Container and Combined Container and five corrugated converting facilities from U.S. Corrugated will help it capitalize on the growing corrugated packaging demand. WestRock also outperformed the Zacks sub industry in the past one year. The company has a positive record of earnings surprises in the last few quarters.”
  • 7/14/2017 – Westrock had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $68.00 price target on the stock.
  • 7/13/2017 – Westrock was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “conviction-buy” rating.
  • 7/13/2017 – Westrock was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “WestRock expects third-quarter fiscal 2017 earnings to be sequentially higher, benefiting from seasonally higher volumes, favorable mix and productivity. The company’s productivity and performance improvement programs across its manufacturing footprint as well as its cost-saving actions, remain tailwinds. WestRock's acquisition of assets of Island Container and Combined Container and five five corrugated converting facilities from U.S. Corrugated will help it capitalize on the growing corrugated packaging demand. WestRock outperformed the Zacks sub industry in the past one year. The company has a positive record of earnings surprises in the last few quarters. However, higher input costs, merger-related expenses, weak primary demand for processed, frozen, and dry foods, and carbonated drinks, as well as a stronger dollar may weigh on WestRock’s near-term results.”
  • 6/29/2017 – Westrock had its “hold” rating reaffirmed by analysts at KeyCorp. They wrote, “We are raising our FY17 and FY18 estimates for WestRock (WRK) following its acquisitions of Multi Packaging Solutions (MPS), U.S. Corrugated, and Island Container and Combined Container Industries. We expect the MPS acquisition to add $0.02 per month in the last four months of FY17, as a result of which we are increasing our FY17 adj. EPS estimate from $2.57 to $2.65. We are increasing our FY18 adj.””
  • 6/27/2017 – Westrock was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $64.00 price target on the stock. According to Zacks, “WestRock expects third-quarter fiscal 2017 earnings to be sequentially higher, benefiting from seasonally higher volumes, favorable mix and productivity. The company’s productivity and performance improvement programs across its manufacturing footprint as well as its cost-saving actions, remain tailwinds. WestRock's acquisition of assets of Island Container and Combined Container and five corrugated converting facilities from U.S. Corrugated will help it capitalize on the growing corrugated packaging demand. WestRock outperformed the Zacks sub industry in the past one year. The company has a positive record of earnings surprises in the last few quarters.”
  • 6/22/2017 – Westrock had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $65.00 price target on the stock.
  • 6/15/2017 – Westrock had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $62.00 price target on the stock.

Westrock Company (WRK) traded up 0.72% during midday trading on Friday, hitting $55.63. The stock had a trading volume of 287,819 shares. The firm has a 50-day moving average of $57.69 and a 200 day moving average of $54.53. Westrock Company has a 52-week low of $43.57 and a 52-week high of $60.36. The firm has a market capitalization of $14.20 billion, a P/E ratio of 33.76 and a beta of 1.37.

Westrock (NYSE:WRK) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. Westrock had a net margin of 2.92% and a return on equity of 6.38%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the previous year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Westrock Company will post $2.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders 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 dividend on an annualized basis and a yield of 2.90%. Westrock’s payout ratio is 97.56%.

In other Westrock news, Director John A. Luke, Jr. sold 10,343 shares of Westrock stock in a transaction on Monday, July 24th. The shares were sold at an average price of $58.61, for a total value of $606,203.23. Following the completion of the transaction, the director now owns 497,557 shares of the company’s stock, valued at $29,161,815.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 41,372 shares of company stock valued at $2,404,334 in the last ninety days. 2.68% of the stock is owned by corporate insiders.

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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