WestRock - WRK Stock Forecast, Price & News

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through two segments, Corrugated Packaging and Consumer Packaging. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers. It also provides structural and graphic design, engineering services and custom, and proprietary and standard automated packaging machines, as well as turn-key installation, automation, line integration, and packaging solutions; distributes corrugated packaging materials and other specialty packaging products, including stretch films, void fills, carton sealing tapes, and other specialty tapes; operates recycling facilities that collect, sort, grade, and bale recovered paper; and provides lithographic laminated packaging products, as well as contract packing services. The Consumer Packaging segment manufactures and sells folding cartons that are used to package food, paper, beverages, dairy products, tobacco, confectionery, health and beauty, other household consumer, and commercial and industrial products; and express mail packages for the overnight courier industry. It also offers inserts and labels, as well as rigid packaging and other printed packaging products, such as transaction cards, brochures, product literature, marketing materials, and grower tags and plant stakes for the horticultural market; and secondary packages and paperboard packaging for over-the-counter and prescription drugs. In addition, this segment manufactures and sells solid fiber and corrugated partitions, and die-cut paperboard components principally to glass container manufacturers and the automotive industry, as well as producers of beer, food, wine, spirits, cosmetics, and pharmaceuticals. WestRock Company is based in Atlanta, Georgia.

Analysts Set New Price Targets

WRK has been the topic of a number of analyst reports. StockNews.com cut shares of WestRock from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 18th. Citigroup cut shares of WestRock from a "buy" rating to a "neutral" rating and cut their price objective for the company from $53.00 to $45.00 in a research report on Tuesday, June 21st. TheStreet cut shares of WestRock from a "b" rating to a "c+" rating in a research report on Thursday, June 16th. KeyCorp cut their price objective on shares of WestRock from $44.00 to $36.00 and set an "underweight" rating on the stock in a research report on Friday, July 1st. Finally, Wells Fargo & Company cut their price objective on shares of WestRock from $66.00 to $59.00 and set an "overweight" rating on the stock in a research report on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, WestRock presently has an average rating of "Hold" and an average target price of $49.00.

WestRock Trading Up 0.5 %

Shares of NYSE:WRK traded up $0.19 during mid-day trading on Tuesday, reaching $40.86. The company had a trading volume of 1,551,848 shares, compared to its average volume of 2,309,721. The business's 50-day moving average is $41.97 and its 200-day moving average is $45.32. The company has a current ratio of 1.46, a quick ratio of 0.90 and a debt-to-equity ratio of 0.67. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 0.36 and a beta of 1.04. WestRock has a 52 week low of $38.28 and a 52 week high of $54.78.

WestRock (NYSE:WRK - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The basic materials company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.05. The firm had revenue of $5.52 billion for the quarter, compared to analysts' expectations of $5.51 billion. WestRock had a net margin of 4.41% and a return on equity of 10.42%. The business's revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. Equities analysts expect that WestRock will post 5.05 earnings per share for the current year.

WestRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Friday, August 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, August 11th. WestRock's dividend payout ratio (DPR) is presently 28.57%.