WestRock (NYSE:WRK) has been given a $78.00 price target by investment analysts at Deutsche Bank in a report released on Tuesday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Deutsche Bank’s price target points to a potential upside of 14.44% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. DA Davidson restated a “buy” rating and set a $82.00 target price on shares of WestRock in a report on Tuesday. BMO Capital Markets reiterated a “buy” rating and set a $77.00 price target on shares of WestRock in a report on Thursday, January 25th. Stephens began coverage on shares of WestRock in a report on Tuesday, October 24th. They set an “equal weight” rating and a $61.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of WestRock in a report on Wednesday, October 11th. Finally, Zacks Investment Research downgraded shares of WestRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.17.
WestRock (NYSE WRK) traded down $0.25 during trading hours on Tuesday, reaching $68.16. 3,750,744 shares of the company’s stock traded hands, compared to its average volume of 1,800,000. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 0.89. WestRock has a 52-week low of $49.23 and a 52-week high of $71.55. The stock has a market cap of $17,360.00 and a P/E ratio of 9.98.
In related news, EVP Jennifer Graham-Johnson sold 7,700 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $59.23, for a total value of $456,071.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James B. Porter sold 14,930 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $70.00, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 135,346 shares of company stock worth $8,367,664 over the last three months. Corporate insiders own 2.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Conning Inc. boosted its position in shares of WestRock by 9,098.7% in the fourth quarter. Conning Inc. now owns 445,954 shares of the basic materials company’s stock worth $28,189,000 after acquiring an additional 441,106 shares during the last quarter. OLD Dominion Capital Management Inc. boosted its position in shares of 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 worth $636,000 after acquiring an additional 1,535 shares during the last quarter. TIAA FSB boosted its position 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 worth $11,593,000 after acquiring an additional 1,892 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position 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 worth $3,731,000 after acquiring an additional 3,424 shares during the last quarter. Finally, Howe & Rusling Inc. boosted its position 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 worth $4,032,000 after acquiring an additional 63,593 shares during the last quarter. 87.69% of the stock is currently owned by institutional investors and hedge funds.
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.
