WestRock (NYSE:WRK) Receives $48.80 Average PT from Brokerages

Shares of WestRock (NYSE:WRKGet Free Report) have been given an average recommendation of “Hold” by the five research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $48.80.

A number of brokerages have issued reports on WRK. Argus increased their target price on shares of WestRock from $50.00 to $57.00 and gave the company a “buy” rating in a report on Monday, May 6th. Truist Financial upped their target price on WestRock from $51.00 to $57.00 and gave the company a “hold” rating in a report on Thursday, May 30th. StockNews.com started coverage on WestRock in a research note on Saturday, May 18th. They set a “hold” rating for the company. Finally, Wells Fargo & Company boosted their price objective on shares of WestRock from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd.

Check Out Our Latest Stock Report on WRK

WestRock Stock Down 0.6 %

WestRock stock opened at $49.70 on Friday. The stock’s 50 day moving average price is $50.74 and its 200 day moving average price is $46.22. WestRock has a 1-year low of $27.12 and a 1-year high of $54.83. The company has a market cap of $12.77 billion, a PE ratio of 41.76, a price-to-earnings-growth ratio of 3.09 and a beta of 1.08. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.34 and a quick ratio of 0.85.

WestRock (NYSE:WRKGet Free Report) last released its earnings results on Thursday, May 2nd. The basic materials company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.75 billion. WestRock had a return on equity of 5.85% and a net margin of 1.57%. WestRock’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. On average, sell-side analysts predict that WestRock will post 2.16 EPS for the current fiscal year.

WestRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Tuesday, May 14th were paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Monday, May 13th. WestRock’s payout ratio is currently 101.68%.

Insider Buying and Selling

In other WestRock news, EVP Denise R. Singleton sold 9,700 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $51.46, for a total transaction of $499,162.00. Following the sale, the executive vice president now directly owns 74,946 shares of the company’s stock, valued at approximately $3,856,721.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other WestRock news, EVP Denise R. Singleton sold 9,700 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $51.46, for a total transaction of $499,162.00. Following the transaction, the executive vice president now owns 74,946 shares of the company’s stock, valued at approximately $3,856,721.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John L. O’neal sold 6,965 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $51.47, for a total value of $358,488.55. Following the sale, the insider now owns 60,491 shares in the company, valued at approximately $3,113,471.77. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in WestRock by 268.7% in the fourth quarter. International Assets Investment Management LLC now owns 789 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 575 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in shares of WestRock in the 4th quarter worth $35,000. Clear Street Markets LLC boosted its holdings in WestRock by 198.5% in the third quarter. Clear Street Markets LLC now owns 1,000 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 665 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in WestRock by 59.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 862 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 320 shares during the last quarter. Finally, First United Bank & Trust acquired a new stake in WestRock during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

About WestRock

(Get Free Report

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers.

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Analyst Recommendations for WestRock (NYSE:WRK)

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