Deutsche Bank Maintains WestRock Co to Buy with Price Target $53.00

Brokerage firm Deutsche Bank Maintains its rating on WestRock Co(NYSE:WRK). In a research note issued to the investors, the brokerage major Raises the price-target to $53.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Sep 23, 2016.

In a different note, Goldman Sachs said it Initiates Coverage on WestRock Co, according to a research note issued on Sep 22, 2016. The shares have been rated ‘Neutral’ by the firm. On Sep 6, 2016, CLSA said it Maintains its rating on WestRock Co. In the research note, the firm Lowers the price-target to $46.00 per share. The shares have been rated ‘Underperform’ by the firm. On Sep 1, 2016, Citigroup said it Maintains its rating on WestRock Co. In the research note, the firm Raises the price-target to $52.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 31, 2016, Citigroup said it Maintains its rating on WestRock Co. In the research note, the firm Raises the price-target to $52.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 11, 2016, Barclays said it Maintains its rating on WestRock Co. In the research note, the firm Raises the price-target to $41.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 5, 2016, Citigroup said it Maintains its rating on WestRock Co. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Buy’ by the firm.

WestRock Co (WRK) shares turned negative on Tuesdays trading session with the shares closing down -0.09 points or -0.19% at a volume of 14,16,332. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $47.89. The peak price level was also seen at $47.89 while the days lowest was $47.23. Finally the shares closed at $47.6. The 52-week high of the shares is $52.181897 while the 52-week low is $26.817075. According to the latest information available, the market cap of the company is $11,971 M.

WestRock Co(WRK) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $3.60B. Analysts had an estimated revenue of $4.02B. Earnings per share were $0.71.

Several Insider Transactions has been reported to the SEC. On Sep 15, 2016, John A Jr Luke (director) sold 188,103 shares at $46.62 per share price.Also, On Feb 9, 2016, J Powell Brown (director) purchased 6,000 shares at $32.19 per share price.On Feb 8, 2016, Ward H. Dickson (CFO) purchased 3,000 shares at $34.01 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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