Somewhat Favorable Media Coverage Somewhat Unlikely to Affect WestRock (WRK) Stock Price

News coverage about WestRock (NYSE:WRK) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WestRock earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.2506189821116 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

WestRock (WRK) traded up $1.13 during midday trading on Friday, hitting $69.16. The stock had a trading volume of 1,435,889 shares, compared to its average volume of 1,840,446. The company has a market capitalization of $17,620.00 and a P/E ratio of 24.97. WestRock has a 52-week low of $49.23 and a 52-week high of $69.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.89 and a current ratio of 1.49.

WestRock (NYSE:WRK) last released its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.06. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.13 billion. WestRock had a return on equity of 6.73% and a net margin of 4.77%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. equities analysts expect that WestRock will post 3.79 EPS for the current year.

Several equities analysts have issued reports on WRK shares. Zacks Investment Research lowered WestRock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Deutsche Bank set a $70.00 price target on WestRock and gave the company a “buy” rating in a research note on Thursday, December 14th. Barclays boosted their price target on WestRock from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, November 6th. BMO Capital Markets boosted their price target on WestRock to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Finally, Stephens started coverage on WestRock in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $67.09.

In other news, insider Robert A. Feeser sold 29,972 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $60.00, for a total transaction of $1,798,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Luke, Jr. sold 10,343 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $60.74, for a total value of $628,233.82. Following the sale, the director now owns 497,557 shares of the company’s stock, valued at approximately $30,221,612.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,102 shares of company stock valued at $8,578,618. Corporate insiders own 2.68% of the company’s stock.

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WestRock Company Profile

WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.

Insider Buying and Selling by Quarter for WestRock (NYSE:WRK)

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