WestRock Company [WRK] Is Currently -5.57 below its 200 Period Moving Avg: What Does This Mean?

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WestRock Company [NYSE: WRK] stock went on a downward path that fall over -5.57% on Thursday, amounting to a one-week price decrease of less than -12.42%. The company report on May 12, 2022 that WestRock Publishes 2021 Sustainability Report and Announces Validated Science-Based Target for Greenhouse Gas Reductions.

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WestRock Company (NYSE: WRK), a leading provider of sustainable paper and packaging solutions, today announced the publication of WestRock’s 2021 Sustainability Report, detailing the comprehensive efforts the company is making for, and with, customers to imagine and deliver on the promise of a sustainable future. The report reveals validation of WestRock’s greenhouse gas (GHG) emissions reduction target by the Science Based Targets Initiative (SBTi) alongside its refreshed sustainability goals.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220512005287/en/.

Over the last 12 months, WRK stock dropped by -21.49%. The one-year WestRock Company stock forecast points to a potential upside of 19.98. The average equity rating for WRK stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $12.68 billion, with 264.60 million shares outstanding and 259.94 million shares in the current float. Compared to the average trading volume of 2.56M shares, WRK stock reached a trading volume of 4143752 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on WestRock Company [WRK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WRK shares is $59.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WRK stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for WestRock Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 20, 2022. While these analysts kept the previous recommendation, Jefferies dropped their target price from $84 to $54. The new note on the price target was released on November 01, 2021, representing the official price target for WestRock Company stock. Previously, the target price had yet another raise to $47, while Truist analysts kept a Hold rating on WRK stock.

The Average True Range (ATR) for WestRock Company is set at 1.75, with the Price to Sales ratio for WRK stock in the period of the last 12 months amounting to 0.63. The Price to Book ratio for the last quarter was 1.07, with the Price to Cash per share for the same quarter was set at 1.09. Price to Free Cash Flow for WRK in the course of the last twelve months was 10.30 with Quick ratio for the last quarter at 0.90.

WRK Stock Performance Analysis:

WestRock Company [WRK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.42. With this latest performance, WRK shares dropped by -0.88% in over the last four-week period, additionally sinking by -3.20% over the last 6 months – not to mention a drop of -21.49% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WRK stock in for the last two-week period is set at 40.56, with the RSI for the last a single of trading hit 33.42, and the three-weeks RSI is set at 44.81 for WestRock Company [WRK]. The present Moving Average for the last 50 days of trading for this stock 48.01, while it was recorded at 50.75 for the last single week of trading, and 47.80 for the last 200 days.

Insight into WestRock Company Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and WestRock Company [WRK] shares currently have an operating margin of +7.21 and a Gross Margin at +16.58. WestRock Company’s Net Margin is presently recorded at +4.47.

Return on Total Capital for WRK is now 6.53, given the latest momentum, and Return on Invested Capital for the company is 4.13. Return on Equity for this stock inclined to 7.52, with Return on Assets sitting at 2.89. When it comes to the capital structure of this company, WestRock Company [WRK] has a Total Debt to Total Equity ratio set at 76.35. Additionally, WRK Total Debt to Total Capital is recorded at 43.29, with Total Debt to Total Assets ending up at 30.46. Long-Term Debt to Equity for the company is recorded at 73.38, with the Long-Term Debt to Total Capital now at 41.61.

Reflecting on the efficiency of the workforce at the company, WestRock Company [WRK] managed to generate an average of $16,796 per employee. Receivables Turnover for the company is 7.33 with a Total Asset Turnover recorded at a value of 0.65.WestRock Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.60.

WRK Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WRK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for WestRock Company go to 20.30%.

WestRock Company [WRK] Insider Position Details

There are presently around $11,992 million, or 92.50% of WRK stock, in the hands of institutional investors. The top three institutional holders of WRK stocks are: VANGUARD GROUP INC with ownership of 30,367,382, which is approximately 0.208% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 22,390,460 shares of the stock with an approximate value of $1.13 billion in WRK stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.06 billion in WRK stock with ownership of nearly -33.373% of the company’s market capitalization.

Positions in WestRock Company stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 319 institutional holders increased their position in WestRock Company [NYSE:WRK] by around 31,491,548 shares. Additionally, 265 investors decreased positions by around 22,255,533 shares, while 88 investors held positions by with 184,858,415 shares. The mentioned changes placed institutional holdings at 238,605,496 shares, according to the latest SEC report filing. WRK stock had 95 new institutional investments in for a total of 10,638,427 shares, while 69 institutional investors sold positions of 2,629,149 shares during the same period.