Westrock (WRK) Getting Somewhat Favorable News Coverage, Analysis Finds
Headlines about Westrock (NYSE:WRK) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Westrock earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.0428455308113 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- Westrock Company (WRK) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- Westrock Company (WRK) Expected to Announce Quarterly Sales of $3.91 Billion (americanbankingnews.com)
- $0.86 Earnings Per Share Expected for Westrock Company (WRK) This Quarter (americanbankingnews.com)
- John A. Luke, Jr. Sells 10,343 Shares of Westrock Company (WRK) Stock (americanbankingnews.com)
Shares of Westrock (NYSE WRK) opened at 58.06 on Wednesday. The company has a 50-day moving average price of $57.10 and a 200-day moving average price of $57.10. Westrock has a 52 week low of $43.79 and a 52 week high of $59.02. The company has a market capitalization of $14.56 billion, a PE ratio of 35.23 and a beta of 1.36.
Westrock (NYSE:WRK) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. Westrock had a return on equity of 6.38% and a net margin of 2.92%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. Westrock’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts predict that Westrock will post $2.60 earnings per share for the current year.
A number of equities analysts recently weighed in on WRK shares. BidaskClub downgraded shares of Westrock from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded shares of Westrock from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. KeyCorp restated a “hold” rating on shares of Westrock in a report on Thursday, June 29th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Westrock in a research report on Monday, September 25th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Westrock in a research report on Thursday, June 15th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Westrock currently has an average rating of “Buy” and a consensus target price of $63.78.
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In other news, Director John A. Luke, Jr. sold 153,718 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $55.40, for a total value of $8,515,977.20. Following the transaction, the director now owns 543,291 shares in the company, valued at approximately $30,098,321.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Luke, Jr. sold 10,343 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $58.61, for a total transaction of $606,203.23. Following the completion of the transaction, the director now owns 497,557 shares in the company, valued at approximately $29,161,815.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 443,379 shares of company stock valued at $24,890,539. Corporate insiders own 2.68% 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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