WestRock (NYSE:WRK) Now Covered by StockNews.com
StockNews.com assumed coverage on shares of WestRock (NYSE:WRK – Get Free Report) in a research note issued on Sunday. The brokerage set a “hold” rating on the basic materials company’s stock.
Several other equities analysts have also issued reports on the company. Truist Financial lowered their price target on WestRock from $44.00 to $40.00 and set a “hold” rating on the stock in a research note on Tuesday, November 14th. Royal Bank of Canada boosted their price target on WestRock from $38.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, November 10th. Finally, Argus upgraded WestRock from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.57.
WestRock Trading Up 0.5 %
WestRock stock opened at $41.16 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.95 and a current ratio of 1.42. The business’s 50-day simple moving average is $37.38 and its 200-day simple moving average is $33.57. The firm has a market capitalization of $10.56 billion, a PE ratio of -6.38, a PEG ratio of 5.13 and a beta of 1.12. WestRock has a 52 week low of $26.84 and a 52 week high of $42.46.
WestRock (NYSE:WRK – Get Free Report) last posted its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. WestRock had a positive return on equity of 7.52% and a negative net margin of 8.12%. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. Equities research analysts forecast that WestRock will post 2.35 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Ancora Advisors LLC acquired a new position in WestRock during the 1st quarter worth $29,000. NBC Securities Inc. acquired a new position in WestRock during the 3rd quarter worth $27,000. OLD Point Trust & Financial Services N A acquired a new position in WestRock during the 2nd quarter worth $25,000. Financial Management Professionals Inc. lifted its holdings in WestRock by 1,815.2% during the 3rd quarter. Financial Management Professionals Inc. now owns 881 shares of the basic materials company’s stock worth $32,000 after buying an additional 835 shares in the last quarter. Finally, Gyon Technologies Capital Management LP acquired a new position in WestRock during the 4th quarter worth $31,000. 85.51% of the stock is owned by institutional investors and hedge funds.
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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Original: MarketBeat News Feed: WestRock (NYSE:WRK) Now Covered by StockNews.com