Breaking: A Reversal for WestRock Co Is Not Near. The Stock Rises Again

Breaking: A Reversal for WestRock Co Is Not Near. The Stock Rises Again

The stock of WestRock Co (NYSE:WRK) is a huge mover today! About 581,400 shares traded hands. WestRock Co (NYSE:WRK) has risen 23.51% since March 3, 2016 and is uptrending. It has outperformed by 15.17% the S&P500.
The move comes after 5 months positive chart setup for the $11.63 billion company. It was reported on Oct, 6 by Barchart.com. We have $73.27 PT which if reached, will make NYSE:WRK worth $6.28 billion more.

Analysts await WestRock Co (NYSE:WRK) to report earnings on November, 2. They expect $0.65 EPS, down 30.11% or $0.28 from last year’s $0.93 per share. WRK’s profit will be $158.88M for 18.30 P/E if the $0.65 EPS becomes a reality. After $0.71 actual EPS 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. KeyBanc Capital Markets downgraded WestRock Co (NYSE:WRK) on Wednesday, September 16 to “Sector Weight” rating. The rating was maintained by Deutsche Bank with “Buy” on Thursday, November 19. The stock has “Buy” rating given by Longbow on Thursday, September 3. Citigroup maintained the shares of WRK in a report on Thursday, September 1 with “Buy” rating. RBC Capital Markets initiated the shares of WRK in a report on Wednesday, July 22 with “Sector Perform” rating. The rating was maintained by Citigroup with “Buy” on Monday, June 13. Cantor Fitzgerald initiated WestRock Co (NYSE:WRK) on Monday, November 30 with “Buy” rating. Goldman Sachs initiated the stock with “Neutral” rating in Thursday, September 22 report. The stock of WestRock Co (NYSE:WRK) earned “Underperform” rating by Credit Agricole on Wednesday, July 22. The stock has “Neutral” rating given by Buckingham Research on Tuesday, August 25.

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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