WestRock (WRK) Given a $70.00 Price Target by Deutsche Bank Analysts

WestRock (NYSE:WRK) has been assigned a $70.00 target price by Deutsche Bank in a research report issued on Thursday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Deutsche Bank’s price target indicates a potential upside of 10.92% from the company’s current price.

A number of other brokerages also recently weighed in on WRK. BMO Capital Markets lifted their target price on WestRock to $68.00 and gave the stock an “outperform” rating in a report on Tuesday. Stephens began coverage on WestRock in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 target price for the company. Zacks Investment Research downgraded WestRock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 7th. KeyCorp reiterated a “hold” rating on shares of WestRock in a report on Wednesday, October 11th. Finally, Barclays lifted their target price on WestRock from $58.00 to $60.00 and gave the stock an “equal weight” rating in a report on Monday, November 6th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $66.09.

WestRock (NYSE WRK) opened at $63.11 on Thursday. WestRock has a 1 year low of $49.23 and a 1 year high of $64.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.89 and a current ratio of 1.49. The stock has a market capitalization of $16,371.71, a PE ratio of 24.54, a PEG ratio of 1.55 and a beta of 1.37.

WestRock (NYSE:WRK) last issued its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.06. WestRock had a return on equity of 6.73% and a net margin of 4.77%. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. research analysts predict that WestRock will post 3.72 EPS for the current fiscal year.

In related news, EVP Jennifer Graham-Johnson sold 7,700 shares of WestRock stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $59.23, for a total transaction of $456,071.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John A. Luke, Jr. sold 10,343 shares of WestRock stock in a transaction on Monday, September 25th. The stock was sold at an average price of $55.12, for a total value of $570,106.16. Following the sale, the director now owns 497,557 shares in the company, valued at $27,425,341.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 161,788 shares of company stock worth $9,629,984. 2.68% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware bought a new stake in WestRock during the second quarter worth $100,000. Sun Life Financial INC lifted its holdings in WestRock by 26,114.3% during the second quarter. Sun Life Financial INC now owns 1,835 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 1,828 shares during the period. Invictus RG bought a new stake in shares of WestRock in the third quarter valued at $108,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of WestRock in the third quarter valued at $130,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of WestRock by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,548 shares of the basic materials company’s stock valued at $144,000 after buying an additional 509 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.

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About WestRock

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.

Analyst Recommendations for WestRock (NYSE:WRK)

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