WestRock Co. (NYSE:WRK) – Stock analysts at KeyCorp issued their Q2 2017 EPS estimates for shares of WestRock in a note issued to investors on Sunday. KeyCorp analyst A. Josephson expects that the firm will earn $0.55 per share for the quarter. KeyCorp also issued estimates for WestRock’s Q3 2017 earnings at $0.74 EPS.
A number of other research analysts have also weighed in on the company. Jefferies Group restated a “buy” rating on shares of WestRock in a report on Monday, August 22nd. Barclays PLC raised their target price on WestRock from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 11th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $46.00 target price on shares of WestRock in a research note on Wednesday, June 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $52.00 target price on shares of WestRock in a research note on Friday, August 5th. Finally, Citigroup Inc. raised their target price on WestRock from $52.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $53.04.
Shares of WestRock (NYSE:WRK) opened at 47.71 on Tuesday. WestRock has a 12 month low of $29.73 and a 12 month high of $57.85. The company has a 50-day moving average of $46.84 and a 200 day moving average of $41.65. The company’s market cap is $11.87 billion.
WestRock (NYSE:WRK) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. WestRock had a negative net margin of 1.27% and a positive return on equity of 6.71%. The company had revenue of $3.60 million for the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the previous year, the business posted $1.15 earnings per share. WestRock’s quarterly revenue was down 2.8% on a year-over-year basis.
In related news, Director John A. Luke, Jr. sold 188,103 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $46.62, for a total transaction of $8,769,361.86. Following the completion of the transaction, the director now directly owns 837,343 shares in the company, valued at approximately $39,036,930.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.41% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Evercore Wealth Management LLC boosted its position in shares of WestRock by 10.2% in the second quarter. Evercore Wealth Management LLC now owns 468,017 shares of the company’s stock worth $18,192,000 after buying an additional 43,338 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of WestRock during the second quarter valued at about $396,000. Kentucky Retirement Systems bought a new position in shares of WestRock during the second quarter valued at about $835,000. Mason Street Advisors LLC bought a new position in shares of WestRock during the second quarter valued at about $1,323,000. Finally, Wolverine Asset Management LLC boosted its position in shares of WestRock by 16.7% in the second quarter. Wolverine Asset Management LLC now owns 35,000 shares of the company’s stock valued at $1,360,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 90.32% of the company’s stock.
WestRock Company Profile
Westrock Company is a provider of packaging solutions and manufactures containerboard and paperboard. The Company’s operating segments include Corrugated Packaging, Consumer Packaging, Specialty Chemicals, and Land and Development. The Company operates in North America, South America, Europe and Asia.
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