WestRock - WRK Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WestRock in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WRK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WRK, but not buy additional shares or sell existing shares.
View WRK analyst ratings or view top-rated stocks.

8 Wall Street analysts have issued 12 month target prices for WestRock's stock. Their WRK share price forecasts range from $36.00 to $59.00. On average, they expect the company's share price to reach $49.00 in the next year. This suggests a possible upside of 21.1% from the stock's current price.
View analysts price targets for WRK or view top-rated stocks among Wall Street analysts.

WestRock's stock was trading at $44.36 at the beginning of the year. Since then, WRK stock has decreased by 8.8% and is now trading at $40.45.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our WRK earnings forecast.

WestRock (NYSE:WRK) posted its quarterly earnings data on Thursday, August, 4th. The basic materials company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.50 by $0.04. The basic materials company had revenue of $5.52 billion for the quarter, compared to analysts' expectations of $5.51 billion. WestRock had a trailing twelve-month return on equity of 10.42% and a net margin of 4.41%. The company's revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share.
Read the conference call transcript.

WestRock declared a quarterly dividend on Friday, July 29th. Investors of record on Friday, August 12th will be given a dividend of $0.25 per share on Wednesday, August 24th. This represents a $1.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, August 11th.
Read our dividend analysis for WRK.

WestRock (NYSE:WRK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.53%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WRK will have a dividend payout ratio of 19.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WRK.

WestRock announced that its board has initiated a stock repurchase program on Thursday, May 5th 2022, which allows the company to buyback 25,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

370 employees have rated WestRock Chief Executive Officer Steve Voorhees on Glassdoor.com. Steve Voorhees has an approval rating of 74% among the company's employees. 60.0% of employees surveyed would recommend working at WestRock to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other WestRock investors own include AT&T (T), AbbVie (ABBV), Verizon Communications (VZ), CVS Health (CVS), QUALCOMM (QCOM), Cisco Systems (CSCO), Pfizer (PFE), Micron Technology (MU), Walt Disney (DIS) and NVIDIA (NVDA).

WestRock trades on the New York Stock Exchange (NYSE) under the ticker symbol "WRK."

WestRock's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (4.36%), Greenhaven Associates Inc. (3.46%), Pictet Asset Management SA (2.95%), Nordea Investment Management AB (2.48%), Price T Rowe Associates Inc. MD (2.08%) and Massachusetts Financial Services Co. MA (1.59%). Insiders that own company stock include James B Porter, James E Nevels, Jeffrey Wayne Chalovich, John A Luke Jr, John L O'neal and Thomas Stigers.
View institutional ownership trends.

Shares of WRK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WRK stock can currently be purchased for approximately $40.45.

WestRock (NYSE:WRK) has a market capitalization of $10.31 billion and generates $18.75 billion in revenue each year. The basic materials company earns $838.30 million in net income (profit) each year or $3.50 on an earnings per share basis.

The company employs 49,900 workers across the globe.

WestRock was founded in 2015.

WestRock's mailing address is 1000 ABERNATHY ROAD NE, ATLANTA GA, 30328. The official website for the company is www.westrock.com. The basic materials company can be reached via phone at (770) 448-2193, via email at james.armstrong@westrock.com, or via fax at 804-327-6363.