WestRock - WRK Stock Forecast, Price & News

7 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 2 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.

7 equities research analysts have issued 12 month price targets 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 year. This suggests a possible upside of 12.5% 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 start of the year. Since then, WRK stock has decreased by 15.1% and is now trading at $29.84.
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WestRock saw a increase in short interest in 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 trading volume of 1,980,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.4% of the company's stock are sold short.
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 will be holding an earnings conference call on Thursday, May 4th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

WestRock (NYSE:WRK) issued its earnings results on Wednesday, February, 1st. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by $0.05. The basic materials company earned $4.92 billion during the quarter, compared to analysts' expectations of $5.11 billion. WestRock had a net margin of 3.80% and a trailing twelve-month return on equity of 10.53%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share.
Read the conference call transcript.

WestRock announced a quarterly dividend on Friday, January 27th. Shareholders 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 dividend yield of 3.69%. 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 3.78%. 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 announced that its board has approved a stock buyback program 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 reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management 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 a variety of institutional and retail 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 $29.84.

WestRock (NYSE:WRK) has a market capitalization of $7.60 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.