Economy

Steady Activities: WestRock Company (WRK), Citizens Financial Group, Inc. (CFG)

Several equities research analysts recently commented on WRK shares. DA Davidson reissued a "buy" rating and issued a $82.00 price target on shares of WestRock in a research note on Tuesday. BMO Capital Markets reiterated a "buy" rating and issued a $77.00 target price on shares of WestRock in a report on Thursday, January 25th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. A 10 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of WRK or, if they already own its stock, sell it.

The stock of WestRock Company (NYSE:WRK) has "Buy" rating given on Tuesday, January 30 by Citigroup. The Average True Range (ATR) is also a measure of volatility is now sitting at 1.28. WestRock has $85.0 highest and $40 lowest target. The firm has a market capitalization of $17,427.42, a P/E ratio of 22.65, a PEG ratio of 1.59 and a beta of 1.37. RBC Capital Markets maintained WestRock Company (NYSE:WRK) on Wednesday, July 19 with "Buy" rating. The basic materials company reported $0.87 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.75 by $0.12. Westrock had a return on equity of 6.38% and a net margin of 2.92%. The business had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.95 billion. Dupont Capital Management Corp owned approximately 0.09% of WestRock worth $14,273,000 at the end of the most recent reporting period. According to the Analysts, the Low Earnings estimate for the current quarter is $0.84, while the High earnings estimate is $1.06.Comparatively, EPS for the same quarter past year was $0.52.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The firm's price-to-sales ratio was noted 1.14 in contrast with an overall industry average of 1.18. On the other side it is not a negative indicator for Investor portfolio value - when the price of a stock Investor owns moves down in value. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

In related news, insider Robert A. Feeser sold 29,972 shares of WestRock stock in a transaction that occurred on Wednesday, November 29th.

Whereas its latest closing price kept its distance from the SMA20 at 1.87% and 8.72% from SMA 50 while it was knocked up 23.29% from the simple moving average price of 200 days. Investec Asset Management LTD now owns 2,063,933 shares of the basic materials company's stock valued at $117,087,000 after acquiring an additional 497,746 shares during the last quarter. The disclosure for this sale can be found here. Pacer Advisors Inc. now owns 3,924 shares of the basic materials company's stock worth $204,000 after buying an additional 130 shares during the last quarter.

A number of other large investors have also added to or reduced their stakes in WRK. The company's revenue was up 13.0% on a year-over-year basis. Janus Henderson Group PLC now owns 1,024,046 shares of the basic materials company's stock valued at $58,023,000 after purchasing an additional 990,097 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Westrock by 16.8% in the first quarter.

The counter witnessed a trading volume of 3.61 million shares versus an average volume of 2.38 million shares during last trading session. Systematic Financial Management LP boosted its holdings in shares of WestRock by 171.2% in the 3rd quarter. Insiders have sold 135,346 shares of company stock valued at $8,367,664 in the last quarter. Pennsylvania Trust Co purchased a new stake in Westrock during the second quarter worth approximately $201,000. (NYSE:CFG) are owned by insiders with 101.18% six-month change in the insider ownership.

COPYRIGHT VIOLATION WARNING: This piece was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright and trademark law.

WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, and Asia.



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