WestRock Co (WRK): Street Finally Waking Up

With over 4.81 million WestRock Co (WRK) shares trading Monday and a closing price of $37.91 on the day, the dollar volume was approximately $182.5 million. The shares have shown a positive half year performance of 33.16% and its price on 11/27/23 gained nearly 0.58%. Currently, there are 256.40M common shares owned by the public and among those 252.80M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for WRK have a consensus price objective of $40.49. The analysts have set the share’s price value over the next 12 months at a high of $45.00 and a low of $37.90. The average price target is 6.37% above its recent price level and a downside to the estimated low will see the stock lose -0.03% over that period. But an upside of 15.76% will see the stock hit the forecast high price target while median target price for the stock is $40.00.

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Insiders at the company have transacted a total of 48 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 252,315 shares. Insider sales of the common stock occurred on 23 occasions, with total insider shares sold totaling 380,946 shares.

Shares of WestRock Co (NYSE: WRK) opened at $37.62, down -$0.07 from a prior closing price of $37.69. However, the script later moved the day high at 38.39, up 0.58%. The company’s stock has a 5-day price change of 0.00% and 17.33% over the past three months. WRK shares are trading 7.82% year to date (YTD), with the 12-month market performance up to 0.77% higher. It has a 12-month low price of $26.84 and touched a high of $39.30 over the same period. WRK has an average intraday trading volume of 3.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.81%, 3.96%, and 18.58% respectively.

Institutional ownership of WestRock Co (NYSE: WRK) shares accounts for 86.73% of the company’s 256.40M shares outstanding.

It has a market capitalization of $9.72B and a beta (3y monthly) value of 1.09. The earnings-per-share (ttm) stands at -$6.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.51% over the week and 1.79% over the month.

Analysts forecast that WestRock Co (WRK) will achieve an EPS of $0.36 for the current quarter, $0.55 for the next quarter and $3.27 for 2025. The lowest estimate earnings-per-share for the quarter is $0.3 while analysts give the company a high EPS estimate of $0.41. Comparatively, EPS for the current quarter was $0.55 a year ago. Earnings per share for the fiscal year are expected to decrease by -22.00%, and 35.06% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate WestRock Co (WRK) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 4 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”

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