WestRock Company (NYSE: WRK) stock fell -0.61% on Thursday to $27.77 against a previous-day closing price of $27.94. With 3.1 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.33 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $28.01 whereas the lowest price it dropped to was $27.28. The 52-week range on WRK shows that it touched its highest point at $49.74 and its lowest point at $26.84 during that stretch. It currently has a 1-year price target of $35.01. With its current market cap of 7.06 billion, WRK has annualized dividend of $1.10 while the current yield stands at 3.96%. Beta for the stock currently stands at 1.20.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WRK was up-trending over the past week, with a rise of 0.65%, but this was down by -4.54% over a month. Three-month performance dropped to -12.26% while six-month performance fell -26.03%. The stock lost -38.62% in the past year, while it has lost -21.02% so far this year. A look at the trailing 12-month EPS for WRK yields -4.86 with Next year EPS estimates of 2.78. For the next quarter, that number is 0.53. This implies an EPS growth rate of 15.30% for this year and 9.76% for next year.
Float and Shares Shorts:
At present, 255.60 million WRK shares are outstanding with a float of 251.19 million shares on hand for trading. On May 14, 2023, short shares totaled 4.23 million, which was 1.65% higher than short shares on Apr 13, 2023. In addition to Mr. David B. Sewell as the firm’s CEO, Pres & Director, Mr. Alexander W. Pease serves as its Exec. VP & CFO.
Through their ownership of 91.61% of WRK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.96% of WRK, in contrast to 38.74% held by mutual funds. Shares owned by individuals account for 2.07%. As the largest shareholder in WRK with 11.85% of the stake, The Vanguard Group, Inc. holds 30,186,776 shares worth 30,186,776. A second-largest stockholder of WRK, BlackRock Fund Advisors, holds 19,692,705 shares, controlling over 7.73% of the firm’s shares. Greenhaven Associates, Inc. is the third largest shareholder in WRK, holding 12,686,720 shares or 4.98% stake. With a 3.12% stake in WRK, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 7,938,909 shares are owned by the mutual fund manager. The iShares Tr. – Select Dividend ETF, which owns about 2.52% of WRK stock, is the second-largest Mutual Fund holder. It holds 6,403,375 shares valued at 191.65 million. Vanguard 500 Index Fund holds 2.35% of the stake in WRK, owning 5,977,452 shares worth 178.91 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, WRK reported revenue of $5.52B and operating income of $567.60M. The EBITDA in the recently reported quarter was $994.70M and diluted EPS was $1.47.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WRK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WRK analysts setting a high price target of $45.00 and a low target of $29.00, the average target price over the next 12 months is $35.01. Based on these targets, WRK could surge 62.05% to reach the target high and rise by 4.43% to reach the target low. Reaching the average price target will result in a growth of 26.07% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded WRK stock several times over the past three months with 0 Buys and 6 Sells. In these transactions, 0 shares were bought while 42,541 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 271,649 while 142,836 shares were sold.