WestRock (NYSE:WRK) Receives Consensus Recommendation of “Hold” from Analysts

Shares of WestRock (NYSE:WRKGet Rating) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $52.38.

A number of analysts have weighed in on the company. StockNews.com cut WestRock from a “strong-buy” rating to a “buy” rating in a research note on Friday. KeyCorp cut their price target on WestRock from $43.00 to $42.00 and set an “underweight” rating on the stock in a research note on Friday, February 4th. Deutsche Bank Aktiengesellschaft lifted their target price on WestRock from $52.00 to $59.00 and gave the stock a “hold” rating in a research report on Monday, April 18th. Finally, Wells Fargo & Company cut their target price on WestRock from $66.00 to $59.00 and set an “overweight” rating on the stock in a research report on Thursday.

NYSE:WRK opened at $47.40 on Friday. The firm has a market cap of $12.08 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 0.40 and a beta of 0.99. The stock has a fifty day moving average price of $48.48 and a 200 day moving average price of $46.52. WestRock has a 12-month low of $40.78 and a 12-month high of $59.77. The company has a current ratio of 1.53, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69.

WestRock (NYSE:WRKGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The basic materials company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. WestRock had a return on equity of 9.32% and a net margin of 3.93%. The company had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period last year, the firm earned $0.54 earnings per share. WestRock’s quarterly revenue was up 21.3% on a year-over-year basis. Equities analysts forecast that WestRock will post 5.11 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 24th. Investors of record on Thursday, May 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.11%. The ex-dividend date was Wednesday, May 11th. WestRock’s dividend payout ratio (DPR) is presently 33.78%.

WestRock declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 5th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

In related news, insider Thomas Stigers sold 15,000 shares of the business’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $50.10, for a total value of $751,500.00. Following the transaction, the insider now owns 88,034 shares in the company, valued at approximately $4,410,503.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in WRK. Itau Unibanco Holding S.A. purchased a new stake in WestRock in the 4th quarter valued at approximately $25,000. Allworth Financial LP boosted its holdings in WestRock by 634.2% in the 1st quarter. Allworth Financial LP now owns 558 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 482 shares in the last quarter. Ancora Advisors LLC purchased a new stake in WestRock in the 1st quarter valued at approximately $29,000. Core Alternative Capital purchased a new stake in WestRock in the 1st quarter valued at approximately $30,000. Finally, Crewe Advisors LLC purchased a new stake in WestRock in the 4th quarter valued at approximately $31,000. 84.42% of the stock is currently owned by institutional investors.

About WestRock (Get Rating)

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 two segments, Corrugated Packaging and Consumer Packaging. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers.

See Also

Analyst Recommendations for WestRock (NYSE:WRK)

Receive News & Ratings for WestRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestRock and related companies with MarketBeat.com's FREE daily email newsletter.