Citigroup Maintains WestRock Co to Buy with Price Target $46.00

Brokerage firm Citigroup Maintains its rating on WestRock Co(NYSE:WRK). In a research note issued to the investors, the brokerage major Raises the price-target to $46.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Jun 13, 2016.

In a different note, On Apr 8, 2016, Wells Fargo said it Downgrades its rating on WestRock Co. The shares have been rated ‘Market Perform’ by the firm.

WestRock Co (WRK) made into the market gainers list on Fridays trading session with the shares advancing 2.03% or 0.79 points. Due to strong positive momentum, the stock ended at $39.73, which is also near the day’s high of $39.98. The stock began the session at $38.75 and the volume stood at 21,46,902 shares. The 52-week high of the shares is $59.894174 and the 52 week low is $26.817075. The company has a current market capitalization of $10,036 M and it has 25,26,09,630 shares in outstanding.

WestRock Co(WRK) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.70B. Analysts had an estimated revenue of $4.02B. Earnings per share were $0.61.

Several Insider Transactions has been reported to the SEC. On Feb 9, 2016, J Powell Brown (director) purchased 6,000 shares at $32.19 per share price.Also, On Feb 8, 2016, Ward H. Dickson (CFO) purchased 3,000 shares at $34.01 per share price.On Jan 15, 2016, James B Porter (President – Corrugated Packagi) sold 26,000 shares at $38.57 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s products and services include consumer packaging corrugated packaging merchandising displays containerboard kraft paper pulp paperboard recycling and waste solutions and specialty paperboard. The Company’s 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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