WestRock (WRK) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WestRock in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WRK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WRK, but not buy additional shares or sell existing shares.
View WRK analyst ratings or view top-rated stocks.

8 analysts have issued twelve-month price objectives for WestRock's stock. Their WRK share price forecasts range from $27.00 to $44.00. On average, they predict the company's stock price to reach $36.25 in the next year. This suggests a possible upside of 2.9% from the stock's current price.
View analysts price targets for WRK or view top-rated stocks among Wall Street analysts.

WestRock's stock was trading at $35.16 at the beginning of 2023. Since then, WRK shares have increased by 0.2% and is now trading at $35.24.
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WestRock saw a decrease in short interest in August. As of August 15th, there was short interest totaling 3,630,000 shares, a decrease of 17.5% from the July 31st total of 4,400,000 shares. Based on an average trading volume of 2,580,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.4% of the shares of the stock are sold short.
View WestRock's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our WRK earnings forecast.

WestRock (NYSE:WRK) announced its earnings results on Thursday, August, 3rd. The basic materials company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.50 by $0.39. The basic materials company had revenue of $5.12 billion for the quarter, compared to analysts' expectations of $5.16 billion. WestRock had a positive trailing twelve-month return on equity of 8.75% and a negative net margin of 6.82%. The firm's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.54 earnings per share.
Read the conference call transcript.

WestRock announced a quarterly dividend on Friday, July 28th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.275 per share on Thursday, August 24th. This represents a $1.10 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, August 9th.
Read our dividend analysis for WRK.

ETFs with the largest weight of WestRock (NYSE:WRK) stock in their portfolio include iShares Global Timber & Forestry ETF (WOOD), Invesco MSCI Global Timber ETF (CUT), Invesco S&P 500 Equal Weight Materials ETF (RSPM), Invesco S&P 500 Equal Weight Materials ETF (RTM), Goldman Sachs Future Planet Equity ETF (GSFP), iShares Emergent Food and AgTech Multisector ETF (IVEG), Invesco S&P 500 Pure Value ETF (RPV) and AAM S&P 500 High Dividend Value ETF (SPDV).

WestRock (NYSE:WRK) pays an annual dividend of $1.10 per share and currently has a dividend yield of 3.12%.
Read our dividend analysis for WRK.

WestRock declared that its Board of Directors has initiated a stock buyback program on Thursday, May 5th 2022, which allows the company to buyback 25,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

370 employees have rated WestRock Chief Executive Officer Steve Voorhees on Glassdoor.com. Steve Voorhees has an approval rating of 74% among the company's employees. 60.0% of employees surveyed would recommend working at WestRock to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other WestRock investors own include AT&T (T), AbbVie (ABBV), Verizon Communications (VZ), CVS Health (CVS), QUALCOMM (QCOM), Cisco Systems (CSCO), Pfizer (PFE), Micron Technology (MU), Walt Disney (DIS) and NVIDIA (NVDA).

WestRock trades on the New York Stock Exchange (NYSE) under the ticker symbol "WRK."

WestRock's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (10.31%), Greenhaven Associates Inc. (5.29%), State Street Corp (4.68%), Geode Capital Management LLC (2.19%), Nordea Investment Management AB (1.96%) and Impax Asset Management Group plc (1.62%). Insiders that own company stock include Currey M Russell, James B Porter, James E Nevels, Jeffrey Wayne Chalovich, John L O'neal and Thomas Stigers.
View institutional ownership trends.

Shares of WRK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WRK stock can currently be purchased for approximately $35.24.

WestRock (NYSE:WRK) has a market capitalization of $9.03 billion and generates $21.26 billion in revenue each year. The basic materials company earns $944.60 million in net income (profit) each year or ($5.54) on an earnings per share basis.

The company employs 50,500 workers across the globe.

WestRock's mailing address is 1000 ABERNATHY ROAD NE, ATLANTA GA, 30328. The official website for the company is www.westrock.com. The basic materials company can be reached via phone at (770) 448-2193, via email at james.armstrong@westrock.com, or via fax at 804-327-6363.