News coverage about Westrock (NYSE:WRK) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westrock earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 46.0857930318325 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Westrock Company (NYSE:WRK) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- Technical Research on Packaging and Containers Equities — Graphic Packaging, International Paper, Sealed Air, and … – PR Newswire (press release) (prnewswire.com)
- WestRock to lay off 152, close Wheatley Heights plant – Newsday (newsday.com)
- Overview Of Different Chart Patterns: WestRock Company (WRK), Bunge Limited (BG) – AllStockNews (allstocknews.com)
- Westrock Company (WRK) Director John A. Luke, Jr. Sells 10343 Shares – Newburgh Gazette (newburghgazette.com)
Several research analysts recently commented on the company. Zacks Investment Research raised Westrock from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Tuesday, June 27th. BidaskClub cut Westrock from a “buy” rating to a “hold” rating in a research report on Monday. Jefferies Group LLC reissued a “buy” rating and set a $65.00 price target on shares of Westrock in a research report on Thursday, June 22nd. Barclays PLC increased their price target on Westrock from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, May 1st. Finally, Royal Bank Of Canada increased their price target on Westrock from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Westrock currently has a consensus rating of “Buy” and an average price target of $61.45.
Westrock (WRK) traded up 0.36% during mid-day trading on Tuesday, reaching $58.83. The company had a trading volume of 200,734 shares. The company’s 50-day moving average is $57.43 and its 200-day moving average is $54.08. Westrock has a one year low of $40.63 and a one year high of $60.36. The stock has a market capitalization of $14.59 billion, a PE ratio of 81.82 and a beta of 1.37.
Westrock (NYSE:WRK) last posted its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. Westrock had a return on equity of 6.35% and a net margin of 1.29%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. Westrock’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Westrock will post $2.55 earnings per share for the current year.
In related news, Director John A. Luke, Jr. sold 10,343 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $59.43, for a total value of $614,684.49. Following the transaction, the director now owns 497,557 shares in the company, valued at $29,569,812.51. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John A. Luke, Jr. sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $53.83, for a total value of $4,037,250.00. Following the completion of the transaction, the director now owns 495,435 shares in the company, valued at approximately $26,669,266.05. The disclosure for this sale can be found here. 2.68% of the stock is currently owned by corporate insiders.
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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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