Weekly Performance Analysis for WestRock Company (WRK)

WestRock Company (NYSE:WRK) saw an upside of 0.08% to close Tuesday at $51.24 after adding $0.04 on the day. The 5-day average trading volume is 1,256,040 shares of the company’s common stock. It has gained $52.00 in the past week. An average of 1,437,330 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,461,330.

WRK’s 1-month performance is -0.76% or -$0.63 on its low of $47.88 reached on 09/20/21. The company’s shares have touched a 52-week low of $36.59 and high of $62.03, with the stock’s rally to the 52-week high happening on 05/17/21. YTD, WRK has achieved 17.71% or $7.71. However, the current price is down -17.39%% from the 52-week high price.


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Insider Transactions

On Mar 11, 216 days have gone by since the last insider trading activity for WestRock Company (WRK). Chalovich Jeffrey Wayne (President – Corrugated Pkging) most recently sold 19,600 shares at $51.23 per share on Mar 11. This transaction cost the insider $1,004,108. CEO – President, VOORHEES STEVEN C, sold 78,048 shares at a price of $52.95 on Mar 09. Then, on Nov 17, President – Corrugated Pkging Chalovich Jeffrey Wayne sold 13,634 shares at a price of $43.55 per share. This transaction amounted to $593,761.

Valuation Metrics

WestRock Company (WRK) has a trailing price-to-earnings (P/E) ratio of 18.20 for the broader industry and 30.86 for the sector. The company’s PE ratio for the last five years has touched a high of 104.94 and a low of 4.795. WRK stock has a beta of 1.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.76 while the price-to-book (PB) in the most recent quarter is 1.19, with the price to cash flow ratio at 9.30.

WestRock Company pays an annual dividend of $0.96 per share. Its dividend yield is 1.87%. WRK’s most recent quarterly dividend payment was made on Aug. 24, when it paid $0.24 a share compared with prior rate of $0.24, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.04 reported on Wednesday May 5 2021. Measured over the last 3 years, the Dividend has been growing by -34.66% yearly.

It is projected that WestRock Company’s next ex-dividend date will be on 18-Nov. WRK is expected to distribute $0.24 as its next dividend.

WestRock Company’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.50 meaning that WRK stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.71, while the total debt to equity was 0.76. In terms of profitability, the gross margin trailing 12 months is 17.90%. The trailing 12-month EBITDA margin is 14.97% while for the period ending June 29; WestRock Company’s operating margin was -1.30%. The firm’s gross profit as reported stood at $3.2 billion against revenue of $17.58 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected WRK to announce $0.97 per share in earnings in its latest quarter, but it posted $1, representing a 3.10% surprise. EBITDA for the quarter stood at more than $751.3 million. WRK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 17.94 billion, with total debt at $9.43 billion. Shareholders hold equity totaling $267.01 million

Technical Picture

Let’s look briefly at WestRock Company (WRK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 53.64% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.55%.

The stock’s 5-day moving average is $50.85, reflecting a -0.76% or -$0.39 change from its current price. WRK is currently trading +1.34% above its 20-day SMA, -11.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +5.37% and +15.20% respectively.

Stochastic %K and %D was 59.14% and 59.13% and the average true range (ATR) pointed at 1.29. The RSI (14) points at 52.41%, while the 14-day stochastic is at 60.49% with the period’s ATR at 1.27. The stock’s 9-day MACD Oscillator is pointing at 0.03 and -0.10 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for WestRock Company (NYSE: WRK), UBS launched coverage with a Buy rating. Analysts offering their rating for WRK stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate WRK as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.

What is WRK’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $45.00 and a high of $84.00, with their median price target at $63.50. Looking at these predictions, the average price target given by analysts is for WestRock Company (WRK) stock is $61.36.

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