WestRock (NYSE:WRK) Stock Rating Upgraded by StockNews.com

WestRock (NYSE:WRKGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

A number of other research analysts have also commented on WRK. Deutsche Bank Aktiengesellschaft decreased their price target on shares of WestRock from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, October 18th. Citigroup decreased their target price on shares of WestRock from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 11th. KeyCorp decreased their target price on shares of WestRock from $36.00 to $27.00 and set an “underweight” rating on the stock in a research report on Friday, September 30th. Jefferies Financial Group decreased their target price on shares of WestRock from $45.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, September 16th. Finally, Truist Financial decreased their target price on shares of WestRock from $49.00 to $40.00 and set a “hold” rating on the stock in a research report on Thursday, September 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.57.

WestRock Trading Down 1.5 %

Shares of NYSE:WRK opened at $34.54 on Tuesday. The company’s 50-day moving average price is $34.46 and its two-hundred day moving average price is $40.60. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.46 and a quick ratio of 0.90. WestRock has a one year low of $30.08 and a one year high of $54.78. The stock has a market capitalization of $8.80 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.12.

Insider Transactions at WestRock

In other news, insider John L. O’neal sold 5,173 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $42.55, for a total transaction of $220,111.15. Following the completion of the sale, the insider now directly owns 46,305 shares in the company, valued at $1,970,277.75. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider John L. O’neal sold 5,173 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $42.55, for a total transaction of $220,111.15. Following the completion of the sale, the insider now directly owns 46,305 shares in the company, valued at $1,970,277.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James E. Nevels sold 2,483 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $42.36, for a total transaction of $105,179.88. Following the completion of the sale, the director now owns 14,326 shares of the company’s stock, valued at $606,849.36. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WestRock

A number of large investors have recently bought and sold shares of the stock. Bessemer Group Inc. grew its holdings in shares of WestRock by 3.0% during the third quarter. Bessemer Group Inc. now owns 16,846 shares of the basic materials company’s stock valued at $520,000 after buying an additional 492 shares during the last quarter. Hudson Portfolio Management LLC lifted its position in shares of WestRock by 14.6% during the third quarter. Hudson Portfolio Management LLC now owns 6,495 shares of the basic materials company’s stock valued at $200,000 after purchasing an additional 825 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of WestRock during the third quarter valued at about $511,000. CWA Asset Management Group LLC bought a new position in shares of WestRock during the third quarter valued at about $348,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of WestRock by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,074,239 shares of the basic materials company’s stock valued at $125,853,000 after purchasing an additional 29,809 shares in the last quarter. 83.52% of the stock is currently owned by institutional investors and hedge funds.

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.

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