WestRock Co (WRK) was Initiated by Goldman to “Neutral” and the brokerage firm has set the Price Target at $53. Goldman advised their investors in a research report released on Sep 22, 2016.
Many Wall Street Analysts have commented on WestRock Co. Company shares were Reiterated by Barclays on Aug 11, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 45 from a previous price target of $41 .Company shares were Reiterated by Deutsche Bank on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $46 .
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 closed down -0.43 points or -0.90% at $47.24 with 13,92,062 shares getting traded on Tuesday. Post opening the session at $47.98, the shares hit an intraday low of $47.2 and an intraday high of $48.36 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 15, 2016, John A Jr Luke (director) sold 188,103 shares at $46.62 per share price. According to the SEC, 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.