WestRock Co (WRK) Receives Consensus Recommendation of “Buy” from Analysts
Shares of WestRock Co (NYSE:WRK) have received an average rating of “Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $75.45.
A number of research firms have weighed in on WRK. Barclays upped their price target on WestRock from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, February 12th. ValuEngine raised WestRock from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. Zacks Investment Research raised WestRock from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Saturday, February 3rd. Bank of America upped their price target on WestRock from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Citigroup upped their price target on WestRock from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th.
In other news, Director John A. Luke, Jr. sold 10,343 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $64.35, for a total transaction of $665,572.05. Following the sale, the director now owns 497,557 shares in the company, valued at approximately $32,017,792.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Steven C. Voorhees sold 49,267 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $65.00, for a total value of $3,202,355.00. Following the sale, the chief executive officer now owns 700,051 shares in the company, valued at approximately $45,503,315. The disclosure for this sale can be found here. In the last quarter, insiders have sold 430,190 shares of company stock worth $28,243,105. Company insiders own 2.68% of the company’s stock.
WestRock (NYSE WRK) traded up $0.43 during trading hours on Tuesday, reaching $65.40. The company’s stock had a trading volume of 1,263,327 shares, compared to its average volume of 1,817,748. WestRock has a 52-week low of $49.23 and a 52-week high of $71.55. The company has a current ratio of 1.28, a quick ratio of 0.74 and a debt-to-equity ratio of 0.47. The firm has a market cap of $16,685.31, a P/E ratio of 9.58, a P/E/G ratio of 1.29 and a beta of 1.37.
WestRock (NYSE:WRK) last released its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.12. WestRock had a return on equity of 7.45% and a net margin of 11.51%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The business’s revenue was up 13.0% on a year-over-year basis. research analysts forecast that WestRock will post 3.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Friday, February 16th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Thursday, February 15th. WestRock’s dividend payout ratio is currently 25.18%.
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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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