WestRock (NYSE:WRK) Receives Media Sentiment Score of 0.09
Media coverage about WestRock (NYSE:WRK) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WestRock earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.4819864356887 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- WestRock (WRK) Issues Quarterly Earnings Results (americanbankingnews.com)
- A Longtime WestRock Bull Cheers Its $4.9 Billion Takeover Of KapStone Paper (finance.yahoo.com)
- [$$] Packaging Producer WestRock Agrees to Buy KapStone Paper for $3.5 Billion (finance.yahoo.com)
- Mid-Morning Market Update: Markets Open Lower; Lockheed Martin Beats Q4 Views – Nasdaq (nasdaq.com)
- Mid-Day Market Update: Dow Drops Over 100 Points; KapStone Paper Shares Spike Higher – Nasdaq (nasdaq.com)
WRK has been the subject of several recent research reports. Deutsche Bank reissued a “buy” rating and issued a $65.00 price target (up from $61.00) on shares of WestRock in a research note on Monday, October 9th. KeyCorp reissued a “hold” rating on shares of WestRock in a research note on Wednesday, October 11th. Stephens initiated coverage on shares of WestRock in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $61.00 price target for the company. DA Davidson reissued a “buy” rating and issued a $74.00 price target on shares of WestRock in a research note on Friday, November 3rd. Finally, Barclays boosted their price target on shares of WestRock from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, November 6th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.36.
WestRock (NYSE:WRK) last announced its quarterly earnings results on Monday, January 29th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.10. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.95 billion. WestRock had a net margin of 4.77% and a return on equity of 6.73%. WestRock’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 earnings per share. sell-side analysts predict that WestRock will post 3.86 EPS for the current year.
In other WestRock news, insider Robert A. Feeser sold 29,972 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $60.00, for a total value of $1,798,320.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jennifer Graham-Johnson sold 7,700 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $59.23, for a total transaction of $456,071.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,346 shares of company stock worth $8,367,664. Corporate insiders own 2.20% of the company’s stock.
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WestRock Company, incorporated on March 6, 2015, is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development.
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