WestRock Co (WRK) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 50 from a previous price target of $46 . Deutsche Bank advised their investors in a research report released on Aug 5, 2016.
On the company’s financial health, WestRock Co reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.66. The company had revenue of $3596.50 million for the quarter, compared to analysts expectations of $3698.46 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.15 EPS.
WestRock Co opened for trading at $42.43 and hit $44.99 on the upside on Thursday, eventually ending the session at $43.72, with a gain of 4.22% or 1.77 points. The heightened volatility saw the trading volume jump to 38,75,962 shares. Company has a market cap of $11,044 M.
In a different news, on Feb 9, 2016, J Powell Brown (director) purchased 6,000 shares at $32.19 per share price. According to the SEC, 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.