Shares of Westrock Co (NYSE:WRK) have earned an average rating of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $45.78.
WRK has been the topic of several recent research reports. UBS Group restated a “sell” rating on shares of in a research report on Monday, June 24th. KeyCorp upped their price objective on SBA Communications from $215.00 to $252.00 and gave the stock an “overweight” rating in a research report on Monday. They noted that the move was a valuation call. Finally, Deutsche Bank lowered J B Hunt Transport Services from a “buy” rating to a “sell” rating and set a $98.51 price objective on the stock. in a research report on Wednesday, April 17th.
Large investors have recently made changes to their positions in the company. LPL Financial LLC raised its stake in Westrock by 24.4% during the fourth quarter. LPL Financial LLC now owns 23,547 shares of the basic materials company’s stock worth $889,000 after buying an additional 4,619 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Westrock by 42.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,980 shares of the basic materials company’s stock worth $792,000 after buying an additional 6,211 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Westrock by 18.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,757 shares of the basic materials company’s stock worth $708,000 after buying an additional 2,936 shares during the last quarter. Advisor Group Inc. raised its stake in Westrock by 41.5% during the fourth quarter. Advisor Group Inc. now owns 25,586 shares of the basic materials company’s stock worth $966,000 after buying an additional 7,501 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Westrock by 13.1% during the fourth quarter. Van ECK Associates Corp now owns 6,274 shares of the basic materials company’s stock worth $237,000 after buying an additional 727 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.
Westrock stock traded down $0.47 during mid-day trading on Friday, hitting $35.34. The company had a trading volume of 2,465,101 shares, compared to its average volume of 2,510,634. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.29 and a quick ratio of 0.77. Westrock has a 12-month low of $32.01 and a 12-month high of $58.28. The firm’s fifty day moving average is $36.07. The stock has a market cap of $9.03 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 2.01 and a beta of 1.61.
Westrock (NYSE:WRK) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.17. Westrock had a return on equity of 9.03% and a net margin of 4.89%. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts expect that Westrock will post 3.95 earnings per share for the current fiscal year.
Westrock Company Profile
WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.
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