WestRock Co. (NYSE:WRK) has received an average recommendation of “Hold” from the fourteen research firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $54.05.

Several equities analysts have recently weighed in on WRK shares. Credit Suisse Group AG reiterated a “buy” rating and issued a $56.00 price target on shares of WestRock in a research report on Monday, November 7th. Deutsche Bank AG boosted their target price on WestRock from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, September 23rd. Jefferies Group boosted their target price on WestRock from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Citigroup Inc. boosted their target price on WestRock from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, BMO Capital Markets restated a “buy” rating and set a $52.00 target price on shares of WestRock in a research report on Friday, August 5th.

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In other news, Director G Stephen Felker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $50.00, for a total value of $500,000.00. Following the completion of the sale, the director now owns 73,420 shares of the company’s stock, valued at approximately $3,671,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John A. Luke, Jr. sold 188,103 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $46.62, for a total value of $8,769,361.86. Following the completion of the sale, the director now directly owns 837,343 shares of the company’s stock, valued at approximately $39,036,930.66. The disclosure for this sale can be found here. 2.41% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. A.R.T. Advisors LLC acquired a new position in WestRock during the first quarter worth approximately $988,000. Phocas Financial Corp. acquired a new position in WestRock during the first quarter worth approximately $1,421,000. Fulton Bank N.A. raised its position in WestRock by 35.4% in the second quarter. Fulton Bank N.A. now owns 8,851 shares of the company’s stock worth $344,000 after buying an additional 2,316 shares during the last quarter. Raymond James Trust N.A. raised its position in WestRock by 11.8% in the second quarter. Raymond James Trust N.A. now owns 11,255 shares of the company’s stock worth $438,000 after buying an additional 1,188 shares during the last quarter. Finally, British Columbia Investment Management Corp raised its position in WestRock by 35.4% in the second quarter. British Columbia Investment Management Corp now owns 165,918 shares of the company’s stock worth $6,449,000 after buying an additional 43,418 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

WestRock (NYSE:WRK) traded up 0.35% during trading on Tuesday, reaching $51.10. The company’s stock had a trading volume of 502,035 shares. WestRock has a 52-week low of $29.73 and a 52-week high of $52.10. The stock has a 50-day moving average price of $47.68 and a 200 day moving average price of $44.16. The company’s market cap is $12.69 billion.

WestRock (NYSE:WRK) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The company earned $3.61 billion during the quarter, compared to analysts’ expectations of $2.54 billion. WestRock had a positive return on equity of 6.41% and a negative net margin of 2.72%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. On average, analysts expect that WestRock will post $2.85 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Thursday, November 17th. This is a positive change from WestRock’s previous quarterly dividend of $0.38. WestRock’s payout ratio is -103.23%.

WestRock Company Profile

Westrock Company is a provider of packaging solutions and manufactures containerboard and paperboard. The Company’s operating segments include Corrugated Packaging, Consumer Packaging, Specialty Chemicals, and Land and Development. The Company operates in North America, South America, Europe and Asia.

5 Day Chart for NYSE:WRK

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