The stock of WestRock Co (NYSE:WRK) is a huge mover today! About 3.34 million shares traded hands or 75.79% up from the average. WestRock Co (NYSE:WRK) has risen 29.73% since March 2, 2016 and is uptrending. It has outperformed by 21.47% the S&P500.
The move comes after 8 months negative chart setup for the $11.62 billion company. It was reported on Oct, 6 by Barchart.com. We have $43.38 PT which if reached, will make NYSE:WRK worth $813.40 million less.
Analysts await WestRock Co (NYSE:WRK) to report earnings on November, 2. They expect $0.65 earnings per share, down 30.11% or $0.28 from last year’s $0.93 per share. WRK’s profit will be $161.91M for 17.94 P/E if the $0.65 EPS becomes a reality. After $0.71 actual earnings per share reported by WestRock Co for the previous quarter, Wall Street now forecasts -8.45% negative EPS growth.
WestRock Co (NYSE:WRK) Ratings Coverage
Out of 15 analysts covering WestRock (NYSE:WRK), 6 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 40% are positive. WestRock has been the topic of 28 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Thursday, August 13, the company rating was maintained by Deutsche Bank. The firm earned “Market Perform” rating on Friday, April 8 by Wells Fargo. The firm has “Buy” rating given on Thursday, November 19 by Deutsche Bank. The firm earned “Buy” rating on Thursday, September 1 by Citigroup. The firm earned “Outperform” rating on Monday, August 3 by Wells Fargo. Macquarie Research initiated the stock with “Neutral” rating in Tuesday, November 10 report. DA Davidson upgraded it to “Buy” rating and $66 target price in Friday, November 6 report. On Wednesday, July 22 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. Cantor Fitzgerald initiated the stock with “Buy” rating in Monday, November 30 report. The rating was maintained by RBC Capital Markets on Tuesday, February 2 with “Sector Perform”.
According to Zacks Investment Research, “WestRock Company is a provider of paper and packaging solutions to consumer and corrugated markets. WestRock Company, formerly known as MEADWESTVACO CP, is based in RICHMOND.”
Another recent and important WestRock Co (NYSE:WRK) news was published by Fool.com which published an article titled: “Why Shares of KapStone Paper & Packaging Corp. and WestRock Co. Slumped Today” on January 25, 2016.
WRK Company Profile
WestRock Company, formerly Rome-Milan Holdings, Inc., is a packaging company. The Firm provides paper and packaging solutions in consumer and corrugated markets. The Firm includes clients across the world from around 275 operating and business locations spanning North America, South America, Europe and Asia-Pacific.
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