Media headlines about WestRock (NYSE:WRK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. WestRock earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 45.5520330702663 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Facebook, Inc. (FB) Stocks Creates Investor’s Concerns: WestRock Company (WRK) – Investing News Update (investingbizz.com)
- Active-Investors: Blog Exposure – WestRock Concludes Acquisition of Plymouth Packaging (finanznachrichten.de)
- Ingevity Corporation — Moody’s assigns first-time ratings to Ingevity (finance.yahoo.com)
- WestRock Completes Acquisition of Plymouth Packaging (markets.financialcontent.com)
A number of equities research analysts recently commented on the stock. Stephens assumed coverage on shares of WestRock in a report on Tuesday, October 24th. They set an “equal weight” rating and a $61.00 price objective on the stock. KeyCorp restated a “hold” rating on shares of WestRock in a report on Wednesday, October 11th. Barclays restated a “hold” rating on shares of WestRock in a report on Friday, November 10th. BMO Capital Markets raised their price objective on shares of WestRock to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. Finally, Royal Bank of Canada restated a “buy” rating and set a $65.00 price objective on shares of WestRock in a report on Monday, September 25th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $67.09.
Shares of WestRock (WRK) traded up $0.85 during mid-day trading on Thursday, reaching $68.26. 1,320,717 shares of the company’s stock traded hands, compared to its average volume of 1,942,302. The company has a quick ratio of 0.89, a current ratio of 1.49 and a debt-to-equity ratio of 0.57. WestRock has a 12-month low of $49.23 and a 12-month high of $68.29. The firm has a market cap of $17,390.00 and a price-to-earnings ratio of 24.64.
WestRock (NYSE:WRK) last issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. WestRock had a net margin of 4.77% and a return on equity of 6.73%. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the previous year, the business earned $0.71 EPS. The company’s revenue was up 12.4% compared to the same quarter last year. equities analysts expect that WestRock will post 3.77 earnings per share for the current fiscal year.
In other WestRock news, EVP Jennifer Graham-Johnson sold 7,700 shares of WestRock stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $59.23, for a total value of $456,071.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John A. Luke, Jr. sold 10,343 shares of WestRock stock in a transaction on Monday, October 16th. The shares were sold at an average price of $58.83, for a total transaction of $608,478.69. Following the completion of the sale, the director now owns 497,557 shares in the company, valued at $29,271,278.31. The disclosure for this sale can be found here. Insiders sold a total of 151,445 shares of company stock worth $9,187,097 over the last quarter. Company insiders own 2.20% of the company’s stock.
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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