WestRock Company [WRK] Is Currently -1.46 below its 200 Period Moving Avg: What Does This Mean?

WestRock Company [NYSE: WRK] slipped around -0.43 points on Wednesday, while shares priced at $29.09 at the close of the session, down -1.46%. The company report on March 23, 2023 at 4:30 PM that WestRock Announces Conference Call to Discuss Second Quarter Fiscal 2023 Results.

WestRock Company (NYSE: WRK) today announced that it will host a conference call to discuss second quarter fiscal 2023 results, as well as other topics, on Thursday, May 4, 2023, at 8:30 a.m. ET. A press release detailing the Company’s second quarter fiscal 2023 results will be issued before the market opens and prior to the call.

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The webcast of the call, along with the presentation, press release and other relevant financial and statistical information will be accessible on the Investors section of WestRock’s website at ir.westrock.com. An online replay will be available at the same site shortly after the webcast is complete.

WestRock Company stock is now -17.26% down from its year-to-date (YTD) trading value. WRK Stock saw the intraday high of $29.57 and lowest of $28.88 per share. The company’s 52-week high price is 54.78, which means current price is +8.38% above from all time high which was touched on 01/31/23.

Compared to the average trading volume of 2.41M shares, WRK reached a trading volume of 3248840 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $37.51 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 Buy, with their previous recommendation back on April 20, 2023. While these analysts kept the previous recommendation, Citigroup dropped their target price from $34 to $32. The new note on the price target was released on March 20, 2023, representing the official price target for WestRock Company stock. On June 21, 2022, analysts decreased their price target for WRK shares from 53 to 45.

The Average True Range (ATR) for WestRock Company is set at 0.72, with the Price to Sales ratio for WRK stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 0.64, with the Price to Cash per share for the same quarter was set at 1.62. Price to Free Cash Flow for WRK in the course of the last twelve months was 9.45 with Quick ratio for the last quarter at 1.00.

How has WRK stock performed recently?

WestRock Company [WRK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.64. With this latest performance, WRK shares gained by 0.90% in over the last four-week period, additionally sinking by -12.11% over the last 6 months – not to mention a drop of -41.52% 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 38.02, with the RSI for the last a single of trading hit 31.65, and the three-weeks RSI is set at 40.36 for WestRock Company [WRK]. The present Moving Average for the last 50 days of trading for this stock 30.37, while it was recorded at 30.27 for the last single week of trading, and 35.22 for the last 200 days.

WestRock Company [WRK]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and WestRock Company [WRK] shares currently have an operating margin of +7.94 and a Gross Margin at +17.03. WestRock Company’s Net Margin is presently recorded at +4.44.

Return on Total Capital for WRK is now 8.32, given the latest momentum, and Return on Invested Capital for the company is 4.75. Return on Equity for this stock inclined to 8.19, with Return on Assets sitting at 3.28. When it comes to the capital structure of this company, WestRock Company [WRK] has a Total Debt to Total Equity ratio set at 74.81. Additionally, WRK Total Debt to Total Capital is recorded at 42.80, with Total Debt to Total Assets ending up at 30.03. Long-Term Debt to Equity for the company is recorded at 71.27, with the Long-Term Debt to Total Capital now at 40.77.

Reflecting on the efficiency of the workforce at the company, WestRock Company [WRK] managed to generate an average of $18,703 per employee. Receivables Turnover for the company is 7.44 with a Total Asset Turnover recorded at a value of 0.74.WestRock Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.50.

Earnings analysis for WestRock Company [WRK]

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 -13.28%.

Insider trade positions for WestRock Company [WRK]

There are presently around $6,437 million, or 90.60% of WRK stock, in the hands of institutional investors. The top three institutional holders of WRK stocks are: VANGUARD GROUP INC with ownership of 30,927,175, which is approximately 1.348% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 24,208,494 shares of the stock with an approximate value of $704.23 million in WRK stocks shares; and GREENHAVEN ASSOCIATES INC, currently with $369.06 million in WRK stock with ownership of nearly 27.703% of the company’s market capitalization.

Positions in WestRock Company stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 299 institutional holders increased their position in WestRock Company [NYSE:WRK] by around 18,986,097 shares. Additionally, 272 investors decreased positions by around 16,195,573 shares, while 87 investors held positions by with 186,085,043 shares. The mentioned changes placed institutional holdings at 221,266,713 shares, according to the latest SEC report filing. WRK stock had 79 new institutional investments in for a total of 2,163,860 shares, while 74 institutional investors sold positions of 5,033,825 shares during the same period.


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