WestRock (NYSE:WRK) has been assigned a $74.00 target price by analysts at Stephens in a report issued on Monday. The firm currently has a “hold” rating on the basic materials company’s stock. Stephens’ price objective indicates a potential upside of 8.57% from the company’s current price.
Several other brokerages have also recently weighed in on WRK. BMO Capital Markets reiterated a “buy” rating and issued a $77.00 target price on shares of WestRock in a report on Thursday, January 25th. Deutsche Bank set a $78.00 price objective on WestRock and gave the stock a “buy” rating in a research note on Tuesday. DA Davidson restated a “buy” rating and set a $82.00 price objective on shares of WestRock in a research note on Tuesday. Zacks Investment Research cut WestRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, KeyCorp restated a “hold” rating on shares of WestRock in a research note on Wednesday, October 11th. Five 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 stock. WestRock presently has a consensus rating of “Buy” and a consensus price target of $73.17.
Shares of WestRock (WRK) traded down $0.25 during mid-day trading on Monday, hitting $68.16. The company’s stock had a trading volume of 3,710,312 shares, compared to its average volume of 1,800,000. WestRock has a twelve month low of $49.23 and a twelve month high of $71.55. The stock has a market cap of $17,360.00 and a PE ratio of 9.98. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.57.
In other WestRock news, insider James B. Porter sold 14,930 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.00, for a total value of $1,045,100.00. Following the completion of the sale, the insider now directly owns 50,093 shares in the company, valued at $3,506,510. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert A. Feeser sold 29,972 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $60.00, for a total value of $1,798,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,346 shares of company stock valued at $8,367,664. 2.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Conning Inc. raised its stake in WestRock by 9,098.7% in the fourth quarter. Conning Inc. now owns 445,954 shares of the basic materials company’s stock valued at $28,189,000 after buying an additional 441,106 shares during the last quarter. OLD Dominion Capital Management Inc. raised its stake in WestRock by 18.0% in the fourth quarter. OLD Dominion Capital Management Inc. now owns 10,069 shares of the basic materials company’s stock valued at $636,000 after buying an additional 1,535 shares during the last quarter. TIAA FSB increased its holdings in shares of WestRock by 1.0% in the fourth quarter. TIAA FSB now owns 183,401 shares of the basic materials company’s stock valued at $11,593,000 after purchasing an additional 1,892 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of WestRock by 6.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 59,026 shares of the basic materials company’s stock valued at $3,731,000 after purchasing an additional 3,424 shares during the period. Finally, Howe & Rusling Inc. increased its holdings in shares of WestRock by 31,638.3% in the fourth quarter. Howe & Rusling Inc. now owns 63,794 shares of the basic materials company’s stock valued at $4,032,000 after purchasing an additional 63,593 shares during the period. Institutional investors own 87.69% of the company’s stock.
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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.
