Westrock Company (WRK) : Zacks Investment Research ranks Westrock Company (WRK) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.3, which indicates as a Buy.
Westrock Company (WRK) : 9 Wall Street analysts covering Westrock Company (WRK) believe that the average level the stock could reach for the short term is $50. The maximum price target given is $58 and the minimum target for short term is around $40, hence the standard deviation is calculated at $6.3.
Also, In a research note released to the investors, CLSA maintains its rating on Westrock Company (NYSE:WRK).The analysts at the brokerage house have a current rating of Underperform on the shares. In a recent information released to the investors, CLSA lowers the new price target from $46 per share to $54 per share. The rating by the firm was issued on September 6, 2016.
Westrock Company (NYSE:WRK): After opening at $46.02, the stock dipped to an intraday low of $45.76 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $46.93 and the buying power remained strong till the end. The stock closed at $46.53 for the day, a gain of 1.22% for the day session. The total traded volume was 3,481,265. The stocks close on the previous trading day was $45.97.
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 Companys products and services include consumer packaging, corrugated packaging, merchandising displays, containerboard, kraft paper, pulp, paperboard, recycling and waste solutions, and specialty paperboard. The Companys 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.