WestRock (WRK) Earns News Sentiment Rating of 0.13

Press coverage about WestRock (NYSE:WRK) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WestRock earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.5690646314033 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

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A number of analysts recently issued reports on WRK shares. ValuEngine upgraded shares of WestRock from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Zacks Investment Research upgraded shares of WestRock from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Saturday, February 3rd. Bank of America raised their price objective on shares of WestRock from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Citigroup raised their price objective on shares of WestRock from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Royal Bank of Canada restated a “buy” rating and set a $85.00 price objective on shares of WestRock in a report on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $74.00.

NYSE:WRK traded down $1.80 on Friday, reaching $62.65. 1,776,530 shares of the company’s stock were exchanged, compared to its average volume of 1,843,357. The company has a quick ratio of 0.74, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $16,292.42, a PE ratio of 23.91, a P/E/G ratio of 1.25 and a beta of 1.37. WestRock has a 52 week low of $49.23 and a 52 week high of $71.55.

WestRock (NYSE:WRK) last issued its earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.12. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.95 billion. WestRock had a net margin of 11.51% and a return on equity of 7.45%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share. analysts anticipate that WestRock will post 3.99 earnings per share for the current fiscal year.

In other WestRock news, CEO Steven C. Voorhees sold 49,267 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $65.00, for a total transaction of $3,202,355.00. Following the completion of the transaction, the chief executive officer now owns 700,051 shares in the company, valued at $45,503,315. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James B. Porter sold 14,930 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.00, for a total transaction of $1,045,100.00. Following the transaction, the insider now owns 50,093 shares of the company’s stock, valued at approximately $3,506,510. The disclosure for this sale can be found here. Insiders have sold 454,649 shares of company stock valued at $29,964,777 in the last quarter. Company insiders own 2.68% of the company’s stock.

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About WestRock

WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.

Insider Buying and Selling by Quarter for WestRock (NYSE:WRK)

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