Westrock Co (WRK) Given Average Rating of “Hold” by Brokerages
Westrock Co (NYSE:WRK) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $55.22.
WRK has been the subject of a number of research reports. Wells Fargo & Co cut their target price on shares of Westrock from $63.00 to $53.00 and set a “market perform” rating for the company in a research report on Tuesday, October 9th. KeyCorp reissued a “hold” rating on shares of Westrock in a research report on Thursday, December 20th. Goldman Sachs Group lowered shares of Westrock from a “conviction-buy” rating to a “buy” rating and set a $64.00 price objective for the company. in a research report on Wednesday, October 10th. BMO Capital Markets lowered shares of Westrock from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $80.00 to $54.00 in a research report on Tuesday, October 9th. Finally, ValuEngine lowered shares of Westrock from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 2nd.
In other news, insider Robert A. Feeser sold 67,755 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $46.91, for a total value of $3,178,387.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.
WRK traded down $0.23 during midday trading on Friday, reaching $41.03. 131,172 shares of the company’s stock were exchanged, compared to its average volume of 2,392,453. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The stock has a market cap of $10.57 billion, a P/E ratio of 10.03, a PEG ratio of 1.47 and a beta of 1.68. Westrock has a 1-year low of $35.20 and a 1-year high of $71.55.
Westrock (NYSE:WRK) last announced its earnings results on Monday, November 5th. The basic materials company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Westrock had a net margin of 11.70% and a return on equity of 9.26%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. As a group, analysts forecast that Westrock will post 4.38 EPS for the current fiscal year.
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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