WestRock (NYSE:WRK) Receives $43.00 Consensus Price Target from Analysts

WestRock (NYSE:WRK) has been given an average rating of “Hold” by the five analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $43.00.

WRK has been the topic of several research reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $45.00 price target (up previously from $42.00) on shares of WestRock in a research note on Thursday, January 11th. Seaport Res Ptn lowered WestRock from a “buy” rating to a “neutral” rating in a research note on Monday, January 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $42.00 price target on shares of WestRock in a research note on Friday, February 2nd. StockNews.com initiated coverage on WestRock in a research note on Wednesday, April 24th. They set a “hold” rating on the stock. Finally, Truist Financial upped their price target on WestRock from $40.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, January 4th.

WestRock Price Performance

WestRock stock opened at $47.25 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 1.55. The firm has a market cap of $12.20 billion, a P/E ratio of -7.03, a P/E/G ratio of 4.41 and a beta of 1.10. The business’s fifty day moving average is $47.18 and its two-hundred day moving average is $42.38. WestRock has a 52 week low of $26.85 and a 52 week high of $49.67.

WestRock (NYSE:WRK) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.15). The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.79 billion. WestRock had a positive return on equity of 6.87% and a negative net margin of 8.58%. WestRock’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. Equities research analysts forecast that WestRock will post 1.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other WestRock news, insider Vicki L. Lostetter sold 3,500 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.77, for a total value of $149,695.00. Following the completion of the sale, the insider now directly owns 92,117 shares in the company, valued at $3,939,844.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On WestRock

Several large investors have recently modified their holdings of WRK. CWM LLC boosted its position in shares of WestRock by 17.4% during the third quarter. CWM LLC now owns 2,936 shares of the basic materials company’s stock worth $105,000 after buying an additional 436 shares during the period. AE Wealth Management LLC boosted its position in shares of WestRock by 77.2% during the third quarter. AE Wealth Management LLC now owns 16,761 shares of the basic materials company’s stock worth $600,000 after buying an additional 7,300 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of WestRock by 28.0% during the third quarter. Exchange Traded Concepts LLC now owns 2,114 shares of the basic materials company’s stock worth $76,000 after buying an additional 463 shares during the period. Fiduciary Alliance LLC acquired a new position in shares of WestRock during the third quarter worth about $208,000. Finally, Czech National Bank boosted its position in shares of WestRock by 47.7% during the third quarter. Czech National Bank now owns 44,792 shares of the basic materials company’s stock worth $1,604,000 after buying an additional 14,472 shares during the period. 83.38% of the stock is currently owned by institutional investors.

About WestRock

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.