WestRock - WRK Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WestRock in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

7 analysts have issued twelve-month target prices for WestRock's stock. Their WRK share price forecasts range from $27.00 to $42.00. On average, they expect the company's stock price to reach $33.57 in the next twelve months. This suggests a possible upside of 18.2% 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 the year. Since then, WRK shares have decreased by 19.2% and is now trading at $28.41.
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WestRock saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 3,620,000 shares, an increase of 41.4% from the January 31st total of 2,560,000 shares. Based on an average daily trading volume, of 1,980,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.4% of the shares of the company are short sold.
View WestRock's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our WRK earnings forecast.

WestRock (NYSE:WRK) posted its quarterly earnings results on Wednesday, February, 1st. The basic materials company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.05. The basic materials company earned $4.92 billion during the quarter, compared to analyst estimates of $5.11 billion. WestRock had a net margin of 3.80% and a trailing twelve-month return on equity of 10.53%. WestRock's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS.
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WestRock announced a quarterly dividend on Friday, January 27th. Investors of record on Friday, February 10th will be paid a dividend of $0.275 per share on Wednesday, February 22nd. This represents a $1.10 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, February 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 (RTM), iShares Emergent Food and AgTech Multisector ETF (IVEG), Goldman Sachs Future Planet Equity ETF (GSFP), Invesco S&P 500 Pure Value ETF (RPV), AAM S&P 500 High Dividend Value ETF (SPDV) and First Trust Indxx Global Natural Resources Income ETF (FTRI).

WestRock (NYSE:WRK) pays an annual dividend of $1.10 per share and currently has a dividend yield of 3.85%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WRK will have a dividend payout ratio of 38.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WRK.

WestRock declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 5th 2022, which permits the company to buyback 25,000,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication 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 shareholders include Greenhaven Associates Inc. (3.90%), Price T Rowe Associates Inc. MD (2.30%), Norges Bank (2.17%), Geode Capital Management LLC (2.06%), Impax Asset Management Group plc (2.05%) and Nordea Investment Management AB (1.98%). 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 $28.41.

WestRock (NYSE:WRK) has a market capitalization of $7.23 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 $3.14 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.