Shares of Westrock Company (NYSE:WRK) have received a consensus rating of “Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $64.33.

WRK has been the subject of several analyst reports. Zacks Investment Research upgraded Westrock from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Friday, July 14th. BidaskClub lowered Westrock from a “buy” rating to a “hold” rating in a report on Monday, July 24th. KeyCorp reiterated a “hold” rating on shares of Westrock in a report on Thursday, June 29th. Deutsche Bank AG reiterated a “buy” rating and set a $65.00 price objective (up previously from $61.00) on shares of Westrock in a report on Monday, October 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $68.00 price objective on shares of Westrock in a report on Friday, July 14th.

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In related news, Director John A. Luke, Jr. sold 10,343 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $60.74, for a total value of $628,233.82. Following the completion of the transaction, the director now owns 497,557 shares in the company, valued at approximately $30,221,612.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Luke, Jr. sold 87,202 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $55.06, for a total value of $4,801,342.12. Following the completion of the transaction, the director now owns 497,557 shares of the company’s stock, valued at approximately $27,395,488.42. The disclosure for this sale can be found here. Insiders sold a total of 453,722 shares of company stock valued at $25,504,810 in the last 90 days. 2.68% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of WRK. TIAA FSB grew its position in Westrock by 10.4% during the 3rd quarter. TIAA FSB now owns 181,509 shares of the basic materials company’s stock worth $10,297,000 after purchasing an additional 17,132 shares during the period. Xact Kapitalforvaltning AB grew its position in Westrock by 15.1% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 50,627 shares of the basic materials company’s stock worth $2,872,000 after purchasing an additional 6,647 shares during the period. Handelsbanken Fonder AB grew its position in Westrock by 15.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 226,000 shares of the basic materials company’s stock worth $12,821,000 after purchasing an additional 31,000 shares during the period. Hamlin Capital Management LLC grew its position in Westrock by 1.5% during the 3rd quarter. Hamlin Capital Management LLC now owns 741,072 shares of the basic materials company’s stock worth $42,041,000 after purchasing an additional 10,634 shares during the period. Finally, Nationwide Fund Advisors grew its position in Westrock by 6.4% during the 3rd quarter. Nationwide Fund Advisors now owns 148,098 shares of the basic materials company’s stock worth $8,402,000 after purchasing an additional 8,894 shares during the period. Institutional investors own 88.73% of the company’s stock.

Shares of Westrock (NYSE WRK) opened at 61.07 on Wednesday. Westrock has a 12-month low of $43.79 and a 12-month high of $61.50. The firm has a 50 day moving average price of $57.95 and a 200-day moving average price of $56.25. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 37.06 and a beta of 1.35.

Westrock (NYSE:WRK) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.64 by $0.10. Westrock had a return on equity of 6.38% and a net margin of 2.92%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Westrock will post $2.56 earnings per share for the current fiscal year.

Westrock Company Profile

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)

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