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 brokerages have issued 12 month price objectives for WestRock's shares. Their WRK share price forecasts range from $27.00 to $44.00. On average, they expect the company's stock price to reach $36.25 in the next twelve months. This suggests a possible upside of 0.2% 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 stock has increased by 2.8% and is now trading at $36.16.
View the best growth stocks for 2023 here.

WestRock saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,670,000 shares, an increase of 43.9% from the August 31st total of 3,940,000 shares. Based on an average daily volume of 3,060,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 2.3% of the shares of the company 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) posted its quarterly earnings results on Thursday, August, 3rd. The basic materials company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.39. The basic materials company earned $5.12 billion during the quarter, compared to analyst estimates of $5.16 billion. WestRock had a negative net margin of 6.82% and a positive trailing twelve-month return on equity of 8.75%. WestRock's quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 EPS.
Read the conference call transcript.

WestRock declared a quarterly dividend on Friday, July 28th. Investors of record on Thursday, August 10th will be paid a dividend of $0.275 per share on Thursday, August 24th. This represents a $1.10 annualized dividend and a dividend yield of 3.04%. 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 3.09%.
Read our dividend analysis for WRK.

WestRock declared that its Board of Directors has approved a share repurchase 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 buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are 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 $36.16.

WestRock (NYSE:WRK) has a market capitalization of $9.27 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.