WestRock Stock Price, News & Analysis (NYSE:WRK)

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WestRock in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WRK shares.
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7 equities research analysts have issued 12 month price objectives for WestRock's stock. Their WRK share price targets range from $32.00 to $42.00. On average, they expect the company's share price to reach $37.57 in the next twelve months. This suggests that the stock has a possible downside of 9.4%.
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WestRock's stock was trading at $35.16 on January 1st, 2023. Since then, WRK stock has increased by 18.0% and is now trading at $41.49.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our WRK earnings forecast.

WestRock (NYSE:WRK) announced its earnings results on Thursday, November, 9th. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.06. The basic materials company had revenue of $5 billion for the quarter, compared to analyst estimates of $5.11 billion. WestRock had a positive trailing twelve-month return on equity of 7.52% and a negative net margin of 8.12%. The firm's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 EPS.

WestRock declared a quarterly dividend on Friday, October 27th. Investors of record on Monday, November 13th will be paid a dividend of $0.3025 per share on Tuesday, November 21st. This represents a $1.21 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, November 10th. This is a boost from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for WRK.

WestRock (NYSE:WRK) pays an annual dividend of $1.21 per share and currently has a dividend yield of 3.15%.
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 announced that its board has initiated a stock buyback program 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 reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board 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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Greenhaven Associates Inc. (5.28%), Invesco Ltd. (2.00%), Nordea Investment Management AB (1.95%), LSV Asset Management (1.55%), Massachusetts Financial Services Co. MA (1.55%) and JPMorgan Chase & Co. (1.15%). Insiders that own company stock include Currey M Russell, James E Nevels, Jeffrey Wayne Chalovich, John L O'neal and Thomas Stigers.
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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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