Analysts’ Weekly Ratings Changes for WestRock (WRK)

Several analysts have recently updated their ratings and price targets for WestRock (NYSE: WRK):

  • 2/12/2018 – WestRock had its price target raised by analysts at Barclays PLC from $60.00 to $64.00. They now have an “equal weight” rating on the stock.
  • 2/9/2018 – WestRock was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/3/2018 – WestRock was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $76.00 price target on the stock. According to Zacks, “WestRock’s first-quarter fiscal 2018 adjusted earnings per share surged 85% on a year-over-year basis and also beat the Zacks Consensus Estimate. Despite commodity cost inflation, WestRock expects adjusted earnings per share in second-quarter to be higher than year-ago quarter’s adjusted EPS of 54 cents. Backed by industry conditions, positive volume and pricing dynamics, net sales growth is expected to rise 10% while adjusted segment EBITDA will grow 20%. The announced acquisition of rival, KapStone fits well with WestRock's existing operational footprint, should generate significant cost synergies and broaden WestRock's paper packaging product offering. The joint venture with Grupo Gondi has enhanced its ability to win share in the growing Mexican packaging market. Productivity and performance improvement programs, along with cost-saving actions remain tailwinds. WestRock outperformed the industry in the past two years.”
  • 1/30/2018 – WestRock had its price target raised by analysts at Bank of America Corp from $73.00 to $76.00. They now have a “buy” rating on the stock.
  • 1/30/2018 – WestRock had its price target raised by analysts at Citigroup Inc from $80.00 to $83.00. They now have a “buy” rating on the stock.
  • 1/30/2018 – WestRock had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $85.00 price target on the stock.
  • 1/30/2018 – WestRock was given a new $78.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 1/30/2018 – WestRock had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $82.00 price target on the stock.
  • 1/29/2018 – WestRock was given a new $74.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 1/25/2018 – WestRock had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $77.00 price target on the stock.
  • 1/10/2018 – WestRock was given a new $72.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 12/14/2017 – WestRock was given a new $70.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.

Shares of WestRock Co (NYSE WRK) traded up $0.94 during mid-day trading on Monday, hitting $63.27. 1,651,804 shares of the stock were exchanged, compared to its average volume of 2,170,000. WestRock Co has a fifty-two week low of $49.23 and a fifty-two 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. The stock has a market cap of $16,120.00 and a P/E ratio of 9.26.

WestRock (NYSE:WRK) last issued its 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. WestRock had a net margin of 11.51% and a return on equity of 7.45%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. equities analysts forecast that WestRock Co will post 3.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Friday, February 16th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, February 15th. WestRock’s dividend payout ratio is presently 25.18%.

In other news, Director John A. Luke, Jr. sold 124,621 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $65.34, for a total value of $8,142,736.14. Following the transaction, the director now owns 547,443 shares of the company’s stock, valued at approximately $35,769,925.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John A. Luke, Jr. sold 10,343 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $58.58, for a total transaction of $605,892.94. Following the completion of the transaction, the director now directly owns 497,557 shares in the company, valued at approximately $29,146,889.06. The disclosure for this sale can be found here. In the last three months, insiders sold 239,281 shares of company stock worth $15,292,305. Insiders own 2.20% of the company’s stock.

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.

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