WestRock Co (NYSE:WRK) traded with a subtraction of -$0.25 to close at $35.94on Friday, a downside of -0.69 percent. An average of 2,470,854 shares of common stock have been traded in the last five days. There was a gain of $0.71 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 4,719,378 shares traded, while the 50-day average volume stands at 3,286,521.
WRK stock has increased by 10.62% in the last month. The company shares reached their 1-month lowest point of $31.80 on 09/06/23. With the stock rallying to its 52-week high on 01/31/23, shares of the company touched a low of $26.84 and a high of $39.30 in 52 weeks. It has reached a new high 7 times so far this year and achieved 2.22% or $0.79 in price. In spite of this, the price is down -8.55% from the 52-week high.
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Insider Transactions
WRK stock investors should be aware that WestRock Co (WRK) stock had its last reported insider trading activity 198 days ago on Mar 15. In this transaction, the insider spent $109,520. Director, RUSSELL CURREY M, disposed of 55,000 shares at a price of $36.51 on Dec 12. The insider now owns more than $2,007,830 worth of shares.
Valuation Metrics
WestRock Co (WRK) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.44, the price-to-book (PB) ratio at 0.92, and the price-to-cash flow ratio at 13.70.
The company has a payout ratio of 27.69%. The company’s most recent quarterly dividend payment was $0.2750 a share, without any change from last year. Its latest increase dividend $0.0250 reported on Thursday October 27 2022.
Financial Health
The quick ratio of WestRock Co for the three months ended June 29 was 0.98, and the current ratio was 1.49, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.91 and a total debt to equity ratio of 0.97 for the quarter ending June 29. Its gross profit as reported stood at $4.02 billion compared to revenue of $21.26 billion.
Earnings Surprise
For the three-month period that ended June 29, WestRock Co had $8.61 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $202.0 million in the quarter, while revenues were shrunk -87.08%. The analyst consensus anticipated WestRock Co’s latest quarter earnings to come in at $0.47 per share, but it turned out to be $0.89, a 89.40% surprise. For the quarter, EBITDA amounted to $741.2 million. Shareholders own equity worth $256.28 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at WestRock Co (WRK) price momentum. RSI 9-day as of the close on 28 September was 58.86%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.05%.
As of today, WRK’s price is $35.90 +2.01% or $0.71 from its 5-day moving average. WRK is currently trading +9.91% higher than its 20-day SMA and +27.57% higher than its 100-day SMA. However, the stock’s current price level is +18.45% above the SMA50 and -1.91% below the SMA200.
The stochastic %K and %D were 54.94% and 61.71%, respectively, and the average true range (ATR) was 0.83. With the 14-day stochastic at 38.26% and the average true range at 0.86, the RSI (14) stands at 59.91%. The stock has reached 0.15 on the 9-day MACD Oscillator while the 14-day reading was at 0.04.
Analyst Ratings
BofA Securities upgraded WestRock Co (NYSE: WRK) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for WestRock Co (WRK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WRK, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 3 others rate it as a “buy”.
What is WRK’s price target for the next 12 months?
Analysts predict a range of price targets between $32.50 and $45.00, with a median target of $40.00. Taking a look at these predictions, the average price target given by analysts for WestRock Co (WRK) stock is $39.50.
