WestRock (NYSE:WRK) – Equities research analysts at DA Davidson lifted their FY2018 EPS estimates for shares of WestRock in a research note issued on Friday, April 13th. DA Davidson analyst S. Chercover now anticipates that the basic materials company will earn $4.10 per share for the year, up from their previous forecast of $3.92. DA Davidson has a “Buy” rating and a $82.00 price target on the stock. DA Davidson also issued estimates for WestRock’s Q4 2018 earnings at $1.33 EPS.
Other equities analysts have also issued reports about the stock. ValuEngine raised shares of WestRock from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Zacks Investment Research raised shares of WestRock from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Saturday, February 3rd. Bank of America lifted their price objective on shares of WestRock from $73.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Citigroup lifted their price objective on shares of WestRock from $80.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $85.00 price objective on shares of WestRock in a report on Tuesday, January 30th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $73.83.
Shares of WRK stock opened at $65.36 on Monday. The company has a market cap of $16,583.27, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 1.24 and a beta of 1.37. 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 has a 52-week low of $49.51 and a 52-week high of $71.55.
WestRock (NYSE:WRK) last issued its quarterly earnings data on Monday, January 29th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.12. The company 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%. WestRock’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share.
In other WestRock news, insider James B. Porter sold 14,930 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Steven C. Voorhees sold 49,267 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $65.00, for a total transaction of $3,202,355.00. Following the completion of the sale, the chief executive officer now owns 700,051 shares of the company’s stock, valued at $45,503,315. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 454,649 shares of company stock valued at $29,964,777. 2.20% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. boosted its stake in WestRock by 672.6% in the fourth quarter. Assetmark Inc. now owns 1,661 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 1,446 shares in the last quarter. Tower Research Capital LLC TRC boosted 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 acquiring an additional 1,948 shares in the last quarter. Steward Partners Investment Advisory LLC boosted 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 acquiring an additional 2,933 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of WestRock during the fourth quarter worth $201,000. Finally, Unio Capital LLC acquired a new stake in shares of WestRock during the fourth quarter worth $225,000. Institutional investors own 88.49% of the company’s stock.
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WestRock Company Profile
WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.
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