At the time of writing, WestRock Co [WRK] stock is trading at $48.60, up 1.40%. An important factor to consider is whether the stock is rising or falling in short-term value. The WRK shares have gain 6.67% over the last week, with a monthly amount glided 14.03%, and seem to be holding up well over a long-time horizon.
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On 1, February 2024, WestRock Reports First Quarter Fiscal 2024 Results. In a post published today on Yahoo Finance, WestRock Company (NYSE:WRK), a leading provider of sustainable paper and packaging solutions, today announced results for its fiscal first quarter ended December 31, 2023.
From an analyst’s perspective:
WestRock Co [NYSE: WRK] stock has seen the most recent analyst activity on January 29, 2024, when Seaport Research Partners downgraded its rating to a Neutral. On November 17, 2023, upgrade upgraded it’s rating to Buy. BofA Securities upgraded its rating to a Buy and increased its price target to $40 on April 20, 2023. Citigroup upgraded its rating to a Buy and reduced its price target to $32 on March 20, 2023. Argus downgraded its rating to Hold for this stock on February 13, 2023. In a note dated June 21, 2022, Citigroup downgraded an Neutral rating on this stock and revised its target price from $53 to $45.
For the past year, the stock price of WestRock Co fluctuated between $26.84 and $47.97. Currently, Wall Street analysts expect the stock to reach $45 within the next 12 months. WestRock Co [NYSE: WRK] shares were valued at $48.60 at the most recent close of the market. An investor can expect a potential drop of -7.41% based on the average WRK price forecast.
Analyzing the WRK fundamentals
According to WestRock Co [NYSE:WRK], the company’s sales were 20.01B for trailing twelve months, which represents an -6.16% plunge. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.17 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.86.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 48.26 points at the first support level, and at 47.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.95, and for the 2nd resistance point, it is at 49.30.
WestRock Co [WRK] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.35/share, meaning a difference of -$0.15 and a surprise factor of -42.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.81 per share as compared to estimates of $0.74 per share, a difference of $0.07 representing a surprise of 9.50%.
Ratios To Look Out For
It is important to note that WestRock Co [NYSE:WRK] has a current ratio of 1.55. On the other hand, the Quick Ratio is 0.95, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.62, the price to book ratio is 1.23.
Transactions by insiders
Recent insider trading involved Lostetter Vicki L, Chief Human Resources Officer, that happened on Feb 12 ’24 when 3500.0 shares were sold.
