There Is Clear Momentum For WestRock Co (NYSE: WRK)

WestRock Co (WRK) concluded trading on Wednesday at a closing price of $49.20, with 3.78 million shares of worth about $186.17 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.01% during that period and on March 27, 2024 the price saw a loss of about -0.28%. Currently the company’s common shares owned by public are about 256.40M shares, out of which, 255.15M shares are available for trading.

Stock saw a price change of -0.49% in past 5 days and over the past one month there was a price change of 10.14%. Year-to-date (YTD), WRK shares are showing a performance of 18.50% which increased to 70.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.85 but also hit the highest price of $49.67 during that period. The average intraday trading volume for WestRock Co shares is 2.13 million. The stock is currently trading 4.77% above its 20-day simple moving average (SMA20), while that difference is up 12.35% for SMA50 and it goes to 31.44% higher than SMA200.

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WestRock Co (NYSE: WRK) currently have 256.40M outstanding shares and institutions hold larger chunk of about 84.78% of that.

The stock has a current market capitalization of $12.64B and its 3Y-monthly beta is at 1.10. It has posted earnings per share of -$6.72 in the same period. It has Quick Ratio of 0.95 while making debt-to-equity ratio of 0.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WRK, volatility over the week remained 1.78% while standing at 1.72% over the month.

Analysts are in expectations that WestRock Co (WRK) stock would likely to be making an EPS of $0.25 in the current quarter, while forecast for next quarter EPS is $0.71 and it is $3.4 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.21 which is $0.29 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.77 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -31.04% while it is estimated to increase by 65.94% in next year.

On November 17, 2023, Argus Upgrade their recommendations, while on April 20, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $40. Stock get a Buy rating from Citigroup on March 20, 2023.

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