WestRock (WRK) Upgraded to Buy by ValuEngine

WestRock (NYSE:WRK) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of WestRock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Deutsche Bank set a $70.00 target price on shares of WestRock and gave the stock a “buy” rating in a research report on Thursday, December 14th. BMO Capital Markets boosted their price target on shares of WestRock to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Barclays boosted their price target on shares of WestRock from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, November 6th. Finally, Stephens started coverage on shares of WestRock in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $61.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $73.92.

WestRock (NYSE WRK) traded up $1.40 during trading hours on Friday, reaching $62.33. 2,000,000 shares of the company’s stock were exchanged, compared to its average volume of 2,130,000. The firm has a market capitalization of $15,880.00 and a price-to-earnings ratio of 9.13. WestRock has a 52-week low of $49.23 and a 52-week high of $71.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.74 and a current ratio of 1.28.

WestRock (NYSE:WRK) last released its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.12. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.95 billion. WestRock had a net margin of 11.51% and a return on equity of 7.45%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. analysts expect that WestRock will post 3.95 earnings per share for the current fiscal year.

In other WestRock news, Director John A. Luke, Jr. sold 124,621 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $65.34, for a total value of $8,142,736.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert A. Feeser sold 29,972 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $60.00, for a total transaction of $1,798,320.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 249,624 shares of company stock valued at $15,897,888. 2.68% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Invictus RG bought a new stake in WestRock in the third quarter valued at approximately $108,000. Tower Research Capital LLC TRC increased its stake in WestRock by 1,225.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,107 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 1,948 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in WestRock in the third quarter valued at approximately $130,000. Fuller & Thaler Asset Management Inc. bought a new stake in WestRock in the third quarter valued at approximately $147,000. Finally, Steward Partners Investment Advisory LLC increased its stake in WestRock by 3,666.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,013 shares of the basic materials company’s stock valued at $190,000 after purchasing an additional 2,933 shares in the last quarter. 87.51% of the stock is owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for WestRock (NYSE:WRK)

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