Westrock Co (NYSE:WRK) has been given an average recommendation of “Hold” by the fourteen research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $51.88.

A number of research firms have weighed in on WRK. Royal Bank of Canada cut shares of Westrock from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 8th. Barclays cut shares of Westrock from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $52.00 to $42.00 in a report on Monday, January 7th. KeyCorp reissued a “hold” rating on shares of Westrock in a report on Monday, January 7th. Citigroup cut shares of Westrock from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $52.00 to $42.00 in a report on Monday, January 7th. Finally, ValuEngine cut shares of Westrock from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd.

In other Westrock news, Director Currey M. Russell bought 5,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were acquired at an average cost of $37.50 per share, with a total value of $187,500.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Ward H. Dickson bought 2,645 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was acquired at an average cost of $37.94 per share, for a total transaction of $100,351.30. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Capital World Investors grew its position in Westrock by 3.9% in the 3rd quarter. Capital World Investors now owns 25,380,354 shares of the basic materials company’s stock valued at $1,356,326,000 after buying an additional 949,500 shares during the last quarter. BlackRock Inc. grew its position in Westrock by 12.3% in the 4th quarter. BlackRock Inc. now owns 22,410,471 shares of the basic materials company’s stock valued at $846,221,000 after buying an additional 2,445,795 shares during the last quarter. American Century Companies Inc. grew its position in Westrock by 11.4% in the 4th quarter. American Century Companies Inc. now owns 6,378,609 shares of the basic materials company’s stock valued at $240,856,000 after buying an additional 652,024 shares during the last quarter. LSV Asset Management grew its position in Westrock by 333.2% in the 4th quarter. LSV Asset Management now owns 5,851,396 shares of the basic materials company’s stock valued at $220,948,000 after buying an additional 4,500,770 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Westrock by 4,262.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,767,164 shares of the basic materials company’s stock valued at $100,000 after buying an additional 3,680,813 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

WRK stock traded down $0.42 during midday trading on Friday, reaching $39.16. 2,458,100 shares of the company were exchanged, compared to its average volume of 2,804,791. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.84. Westrock has a 1-year low of $35.20 and a 1-year high of $67.03. The stock has a market cap of $10.11 billion, a P/E ratio of 9.57, a PEG ratio of 1.71 and a beta of 1.61.

Westrock (NYSE:WRK) last released its quarterly earnings data on Thursday, January 31st. The basic materials company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. Westrock had a net margin of 5.44% and a return on equity of 9.12%. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.58 billion. On average, equities research analysts predict that Westrock will post 4.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 25th. Stockholders of record on Friday, February 15th were issued a $0.455 dividend. The ex-dividend date was Thursday, February 14th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.65%. Westrock’s payout ratio is 44.50%.

Westrock Company Profile

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.

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Analyst Recommendations for Westrock (NYSE:WRK)

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