WestRock Company [WRK] Stock trading around $43.14 per share: What’s Next?

WestRock Company [NYSE: WRK] surged by $1.95 during the normal trading session on Thursday and reaching a high of $43.18 during the day while it closed the day at $43.14. The company report on August 9, 2022 that WestRock Partners With Budějovický Budvar and Mattoni 1873 to Advance Circularity Efforts in Czech Republic Beverage Industry.

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WestRock Company (NYSE: WRK), a leading provider of sustainable paper and packaging solutions, has delivered its flexible and efficient Cluster-Pak® EvoTech™ packaging solution for a joint partnership between Budějovický Budvar and Mattoni 1873 to advance their shared commitment to improving circularity in the Czech Republic.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220727005854/en/.

WestRock Company stock has also gained 1.24% of its value over the past 7 days. However, WRK stock has declined by -6.42% in the 3 months of the year. Over the past six months meanwhile, it has lost -3.08% and lost -2.75% year-on date.

The market cap for WRK stock reached $11.24 billion, with 255.60 million shares outstanding and 251.04 million shares in the current float. Compared to the average trading volume of 1.77M shares, WRK reached a trading volume of 2217682 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $51.25 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 2.50. 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.

Citigroup have made an estimate for WestRock Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 21, 2022. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $60 to $57. The new note on the price target was released on January 20, 2022, representing the official price target for WestRock Company stock. Previously, the target price had yet another drop from $84 to $54, while Jefferies kept a Hold rating on WRK stock.

The Average True Range (ATR) for WestRock Company is set at 1.08, with the Price to Sales ratio for WRK stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 0.96, with the Price to Cash per share for the same quarter was set at 1.17. Price to Free Cash Flow for WRK in the course of the last twelve months was 11.04 with Quick ratio for the last quarter at 0.90.

WRK stock trade performance evaluation

WestRock Company [WRK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.24. With this latest performance, WRK shares gained by 3.33% in over the last four-week period, additionally sinking by -3.08% over the last 6 months – not to mention a drop of -15.81% 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 57.45, with the RSI for the last a single of trading hit 60.88, and the three-weeks RSI is set at 54.51 for WestRock Company [WRK]. The present Moving Average for the last 50 days of trading for this stock 41.01, while it was recorded at 41.60 for the last single week of trading, and 45.19 for the last 200 days.

WestRock Company [WRK]: An insightful look at the core 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 1.50.

Earnings per share (EPS) analysis for WestRock Company [WRK] stock

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 13.40%.

WestRock Company [WRK]: Insider Ownership positions

There are presently around $9,439 million, or 90.40% of WRK stock, in the hands of institutional investors. The top three institutional holders of WRK stocks are: VANGUARD GROUP INC with ownership of 30,524,041, which is approximately -0.313% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 23,059,567 shares of the stock with an approximate value of $994.79 million in WRK stocks shares; and STATE STREET CORP, currently with $479.26 million in WRK stock with ownership of nearly -22.687% of the company’s market capitalization.

Positions in WestRock Company stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 292 institutional holders increased their position in WestRock Company [NYSE:WRK] by around 19,503,704 shares. Additionally, 310 investors decreased positions by around 21,222,510 shares, while 81 investors held positions by with 178,080,656 shares. The mentioned changes placed institutional holdings at 218,806,870 shares, according to the latest SEC report filing. WRK stock had 70 new institutional investments in for a total of 3,464,210 shares, while 80 institutional investors sold positions of 3,997,289 shares during the same period.


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