Analyst Price Target Update on Westrock Company (NYSE:WRK)

Westrock Company (NYSE:WRK): The mean estimate for the short term price target for Westrock Company (NYSE:WRK) stands at $45.67 according to 9 Analysts. The higher price target estimate for the stock has been calculated at $56 while the lower price target estimate is at $40.

Many analysts have stated their opinion on the company shares. Wells Fargo downgrades their rating on the shares of Westrock Company (NYSE:WRK). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 8, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Brown J Powell, director of Westrock Co, executed a transaction worth $193,140 on February 5, 2016. A total of 6,000 shares were purchased at an average price of $32.19. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Westrock Company (NYSE:WRK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.03 points or 2.64% at $37.97 with 1,575,115 shares getting traded. Post opening the session at $38.62, the shares hit an intraday low of $37.92 and an intraday high of $39.19 and the price was in this range throughout the day. The company has a market cap of $9,592 million and the number of outstanding shares have been calculated to be 252,609,630 shares. The 52-week high of Westrock Company (NYSE:WRK) is $59.894174 and the 52-week low is $26.817075.

WestRock Company, formerly Rome-Milan Holdings, Inc., is a packaging company. The Company provides paper and packaging solutions in consumer and corrugated markets. The Company includes customers across the world from around 275 operating and business locations spanning North America, South America, Europe and Asia-Pacific. The Companys products and services include consumer packaging, corrugated packaging, merchandising displays, containerboard, kraft paper, pulp, paperboard, recycling and waste solutions, and specialty paperboard. The Companys consumer packaging includes the manufacturing of folding cartons and production of coated paperboard and serves markets, such as printing and converting, solid bleached sulfate and coated recycled board. Its corrugated packaging is engaged in the manufacturing of containerboard, containers, pre-print and microflute packaging, retail displays and automated packaging systems. Rock-Tenn Company is a subsidiary of WestRock Co.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.