KeyCorp cut shares of Westrock (NYSE:WRK) from a sector weight rating to an underweight rating in a research note issued to investors on Monday morning, BenzingaRatingsTable reports. The brokerage currently has $32.00 price objective on the basic materials company’s stock.

Several other equities research analysts also recently commented on WRK. Deutsche Bank downgraded shares of J B Hunt Transport Services from a buy rating to a sell rating and set a $98.51 price target for the company. in a research report on Wednesday, April 17th. UBS Group restated a sell rating on shares of in a research report on Monday, June 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $45.78.

WRK stock opened at $35.24 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 2.02 and a beta of 1.61. Westrock has a 12 month low of $32.01 and a 12 month high of $58.28. The company’s 50 day simple moving average is $36.12.

Westrock (NYSE:WRK) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.17. The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.67 billion. Westrock had a net margin of 4.89% and a return on equity of 9.03%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. Equities analysts forecast that Westrock will post 3.92 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of Westrock by 8.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,622 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 293 shares during the last quarter. CSat Investment Advisory L.P. increased its stake in shares of Westrock by 60.0% during the 1st quarter. CSat Investment Advisory L.P. now owns 795 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 298 shares during the last quarter. Leavell Investment Management Inc. increased its stake in shares of Westrock by 4.5% during the 1st quarter. Leavell Investment Management Inc. now owns 7,171 shares of the basic materials company’s stock worth $275,000 after purchasing an additional 312 shares during the last quarter. Financial Advocates Investment Management increased its stake in shares of Westrock by 17.0% during the 4th quarter. Financial Advocates Investment Management now owns 2,439 shares of the basic materials company’s stock worth $210,000 after purchasing an additional 355 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Westrock by 1.0% during the 1st quarter. Crossmark Global Holdings Inc. now owns 42,440 shares of the basic materials company’s stock worth $1,628,000 after purchasing an additional 410 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.

Westrock Company Profile

WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, Australia, and Asia. The company operates through three segments: Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers.

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Analyst Recommendations for Westrock (NYSE:WRK)

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