WestRock - WRK Stock Forecast, Price & News

6 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 1 buy rating 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.

6 analysts have issued 1-year target prices for WestRock's shares. Their WRK share price forecasts range from $27.00 to $46.00. On average, they expect the company's share price to reach $37.71 in the next year. This suggests that the stock has a possible downside of 0.8%.
View analysts price targets for WRK or view top-rated stocks among Wall Street analysts.

WestRock's stock was trading at $35.16 on January 1st, 2023. Since then, WRK shares have increased by 8.1% and is now trading at $38.02.
View the best growth stocks for 2023 here.

WestRock saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,070,000 shares, a drop of 19.4% from the December 31st total of 3,810,000 shares. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.2% of the company's shares are short sold.
View WestRock's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our WRK earnings forecast.

WestRock will be holding an earnings conference call on Wednesday, February 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

WestRock (NYSE:WRK) posted its earnings results on Thursday, November, 10th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.03. The basic materials company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.44 billion. WestRock had a trailing twelve-month return on equity of 10.77% and a net margin of 4.44%. WestRock's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.23 EPS.
Read the conference call transcript.

WestRock announced a quarterly dividend on Friday, January 27th. Investors of record on Friday, February 10th will be given a dividend of $0.275 per share on Wednesday, February 22nd. This represents a $1.10 annualized dividend and a yield of 2.89%.
Read our dividend analysis for WRK.

WestRock (NYSE:WRK) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.89%. 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 30.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WRK will have a dividend payout ratio of 30.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WRK.

WestRock announced that its board has approved a stock repurchase plan on Thursday, May 5th 2022, which allows the company to buyback 25,000,000 shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "WRK."

WestRock's stock is owned by a variety of institutional and retail investors. Top institutional investors include Greenhaven Associates Inc. (3.90%), New York State Teachers Retirement System (0.12%), Allspring Global Investments Holdings LLC (0.07%), Telos Capital Management Inc. (0.06%), Gateway Investment Advisers LLC (0.06%) and Sage Capital Advisors llc (0.05%). 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 $38.02.

WestRock (NYSE:WRK) has a market capitalization of $9.68 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 $3.64 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.