WestRock (WRK) Earning Somewhat Favorable News Coverage, Analysis Finds
Media coverage about WestRock (NYSE:WRK) has trended somewhat positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. WestRock earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 45.4819864356887 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of analysts have recently issued reports on WRK shares. DA Davidson reaffirmed a “buy” rating and set a $74.00 target price on shares of WestRock in a research report on Friday, November 3rd. Deutsche Bank set a $70.00 price objective on WestRock and gave the company a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research lowered WestRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 7th. Royal Bank of Canada reissued a “buy” rating and issued a $65.00 price objective on shares of WestRock in a report on Monday, September 25th. Finally, BMO Capital Markets boosted their price objective on WestRock to $68.00 and gave the company an “outperform” rating in a report on Tuesday, December 12th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $66.09.
WestRock (NYSE WRK) traded up $0.27 during midday trading on Friday, hitting $67.31. The company’s stock had a trading volume of 1,959,500 shares, compared to its average volume of 1,510,939. The company has a market capitalization of $17,147.22, a PE ratio of 24.30, a P/E/G ratio of 1.63 and a beta of 1.37. WestRock has a 52 week low of $49.23 and a 52 week high of $67.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 0.89.
In other WestRock news, Director John A. Luke, Jr. sold 10,343 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $57.86, for a total transaction of $598,445.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jennifer Graham-Johnson sold 7,700 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $59.23, for a total transaction of $456,071.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 161,788 shares of company stock worth $9,785,543. Company insiders own 2.68% of the company’s stock.
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WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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