Westrock Company (NYSE:WRK)‘s stock had its “buy” rating reaffirmed by investment analysts at Royal Bank Of Canada in a report issued on Monday. They currently have a $65.00 price target on the basic materials company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 16.76% from the stock’s current price.

Several other analysts also recently weighed in on the company. BidaskClub downgraded Westrock from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and set a $69.00 target price on shares of Westrock in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) upgraded Westrock from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, July 13th. KeyCorp reiterated a “hold” rating on shares of Westrock in a research report on Thursday, June 29th. Finally, Zacks Investment Research downgraded Westrock from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Westrock has an average rating of “Buy” and an average target price of $63.78.

Shares of Westrock (NYSE:WRK) opened at 55.67 on Monday. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 33.78 and a beta of 1.37. Westrock has a 12-month low of $43.79 and a 12-month high of $59.02. The company’s 50-day moving average is $57.59 and its 200-day moving average is $57.59.

Westrock (NYSE:WRK) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.66 billion. Westrock had a return on equity of 6.38% and a net margin of 2.92%. Westrock’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. Analysts predict that Westrock will post $2.61 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Westrock Company (WRK) Given Buy Rating at Royal Bank Of Canada” was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/09/25/westrock-company-wrk-given-buy-rating-at-royal-bank-of-canada.html.

In related news, Director John A. Luke, Jr. sold 153,718 shares of Westrock stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $55.40, for a total value of $8,515,977.20. Following the completion of the sale, the director now directly owns 543,291 shares in the company, valued at $30,098,321.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer Graham-Johnson sold 3,806 shares of Westrock stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $57.08, for a total value of $217,246.48. Following the completion of the sale, the executive vice president now owns 41,588 shares of the company’s stock, valued at $2,373,843.04. The disclosure for this sale can be found here. Insiders sold 422,693 shares of company stock valued at $23,727,055 over the last 90 days. 2.68% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in WRK. Mckinley Capital Management LLC Delaware bought a new stake in shares of Westrock in the second quarter valued at about $100,000. FNY Partners Fund LP raised its holdings in shares of Westrock by 700.0% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 1,750 shares in the last quarter. Sun Life Financial INC raised its holdings in shares of Westrock by 26,114.3% in the second quarter. Sun Life Financial INC now owns 1,835 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 1,828 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Westrock by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,548 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 509 shares in the last quarter. Finally, Global X Management Co. LLC raised its holdings in shares of Westrock by 36.9% in the first quarter. Global X Management Co. LLC now owns 3,217 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 867 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.

About Westrock

WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.

Analyst Recommendations for Westrock (NYSE:WRK)

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