TheStreet Lowers WestRock (WRK) to C

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TheStreet downgraded shares of WestRock (NYSE:WRK) from a b- rating to a c rating in a research note issued to investors on Friday morning.

Other analysts have also recently issued reports about the stock. Seaport Global Securities assumed coverage on shares of WestRock in a research note on Tuesday, October 23rd. They issued a buy rating and a $52.00 target price for the company. ValuEngine cut shares of WestRock from a hold rating to a sell rating in a research note on Monday, July 2nd. Stephens set a $63.00 target price on shares of WestRock and gave the company a weight rating in a research note on Thursday, July 5th. BMO Capital Markets cut shares of WestRock from an outperform rating to a market perform rating and reduced their target price for the company from $80.00 to $54.00 in a research note on Tuesday, October 9th. Finally, Barclays dropped their price target on shares of WestRock from $64.00 to $62.00 and set an equal weight rating on the stock in a research report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $66.42.

NYSE WRK opened at $40.94 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.56 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.79 and a beta of 1.32. WestRock has a 12-month low of $39.21 and a 12-month high of $71.55.

WestRock (NYSE:WRK) last posted its earnings results on Thursday, August 2nd. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.03. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.16 billion. WestRock had a net margin of 11.31% and a return on equity of 8.49%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. As a group, analysts anticipate that WestRock will post 4.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Friday, November 9th will be given a $0.455 dividend. This is a positive change from WestRock’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.45%. WestRock’s dividend payout ratio (DPR) is currently 65.65%.

Several large investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in WestRock during the second quarter worth $171,000. Cerebellum GP LLC bought a new position in WestRock during the third quarter worth $182,000. Exane Asset Management bought a new position in WestRock during the second quarter worth $201,000. Charter Trust Co. bought a new position in WestRock during the second quarter worth $203,000. Finally, RFG Advisory Group LLC bought a new position in WestRock during the second quarter worth $209,000. 85.10% of the stock is currently owned by institutional investors.

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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