Analyst Rating Update on Westrock Company (WRK)

Westrock Company (NYSE:WRK) has an average broker rating of 2.36, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Westrock Company (NYSE:WRK) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $56 and the lowest price target forecast is $40. The average forecast of all the analysts is $45.67 and the expected standard deviation is $5.7.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Westrock Company (NYSE:WRK). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $43.3 per share to $46 per share. The rating by the firm was issued on June 13, 2016.

Westrock Company (NYSE:WRK): stock turned positive on Tuesday. Though the stock opened at $36.34, the bulls momentum made the stock top out at $37.37 level for the day. The stock recorded a low of $35.91 and closed the trading day at $37.27, in the green by 3.90%. The total traded volume for the day was 1,539,956. The stock had closed at $35.87 in the previous days trading.

In an insider trading activity, Brown J Powell, director of Westrock Co had purchased 6,000 shares on February 5, 2016 in a transaction. The price per share was $32.19 and the total amount of the disclosed transaction was $193,140.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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.

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