A number of other equities research analysts also recently weighed in on the company. Deutsche Bank set a $70.00 target price on WestRock and gave the company a buy rating in a report on Thursday, December 14th. BMO Capital Markets raised their price objective on WestRock to $68.00 and gave the company an outperform rating in a research note on Tuesday, December 12th. Barclays reaffirmed a hold rating on shares of WestRock in a research note on Friday, November 10th. Zacks Investment Research lowered WestRock from a strong-buy rating to a hold rating in a research note on Tuesday, November 7th. Finally, DA Davidson restated a buy rating and issued a $74.00 price target on shares of WestRock in a research note on Friday, November 3rd. Five 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. WestRock has an average rating of Buy and a consensus target price of $67.09.
WestRock (WRK) traded up $0.85 during midday trading on Wednesday, hitting $68.26. 1,320,717 shares of the company traded hands, compared to its average volume of 1,942,302. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.49 and a quick ratio of 0.89. The firm has a market cap of $17,390.00 and a price-to-earnings ratio of 24.64. WestRock has a twelve month low of $49.23 and a twelve month high of $68.29.
In other news, EVP Jennifer Graham-Johnson sold 7,700 shares of WestRock stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $59.23, for a total transaction of $456,071.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert A. Feeser sold 29,972 shares of WestRock stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $60.00, for a total value of $1,798,320.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,445 shares of company stock worth $9,187,097. 2.20% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware acquired a new stake in WestRock during the 2nd quarter worth approximately $100,000. Sun Life Financial INC lifted its holdings in shares of WestRock by 26,114.3% during the second quarter. Sun Life Financial INC now owns 1,835 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 1,828 shares during the period. Invictus RG acquired a new position in shares of WestRock during the third quarter worth $108,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of WestRock during the third quarter worth $130,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of WestRock by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,548 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 509 shares during the period. Institutional investors and hedge funds own 87.70% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2018/01/12/stephens-reiterates-72-00-price-target-for-westrock-wrk.html.
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.
Receive News & Ratings for WestRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WestRock and related companies with MarketBeat.com's FREE daily email newsletter.