35.34 0.00 (0.00%)
After hours: 6:08PM EDT
|Bid||35.39 x 800|
|Ask||35.42 x 1000|
|Day's Range||35.05 - 35.78|
|52 Week Range||32.01 - 58.28|
|Beta (3Y Monthly)||1.63|
|PE Ratio (TTM)||10.83|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||1.82 (5.08%)|
|1y Target Est||46.21|
Shares of containerboard companies fell Monday, after KeyBanc Capital analyst Adam Josephson turned bearish on several companies in the sector, as industry fundamentals continue to deteriorate. Shares of WestRock Co. fell 2.7%, Sealed Air Corp. shed 2.2%, Packaging Corp. of America slumped 2.2% and International Paper Co. slid 1.0%. The stocks were the four-biggest decliners within the SPDR Materials Select Sector ETF , which edged up 0.1%. Josephson cut his ratings on all four companies to underweight from sector weight. Although containerboard fundamentals are "worse now than in recent years," Josephson said valuations are now lower than in line with historical averages. That suggests consensus estimates for the companies have further room to fall, which suggests the stocks are more likely to underperform over the next 9 to 12 months. The stocks' selloff comes as the materials ETF has climbed 15.7% year to date, while the S&P 500 has gained 20.1%.
The paper sector is witnessing deteriorating fundamentals in containerboard, pulp and uncoated freesheet, according to KeyBanc Capital Markets. Despite industry fundamentals being worse than in recent ...
Despite higher maintenance downtime planned for fiscal 2019, WestRock (WRK) is likely to deliver improved results on favorable demand, price and mix trends across its businesses.
Westrock Co NYSE:WRKView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for WRK with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting WRK. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.32 billion over the last one-month into ETFs that hold WRK are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Dividend paying stocks like WestRock Company (NYSE:WRK) tend to be popular with investors, and for good reason - some...
WestRock Company (WRK) announced today that it has received notification of an unsolicited "mini-tender" offer by TRC Capital Corporation (TRC Capital) to purchase up to 3,000,000 shares, or approximately 1.17% of the outstanding common stock of the Company as of April 19, 2019. TRC Capital's offer price of $34.80 per share in cash is 4.58% less than the $36.47 closing price of the Company's common stock on June 28, 2019, the last trading day before the mini-tender offer commenced, and 6.55% less than the $37.23 closing price of the Company’s common stock on July 2, 2019.
Sellers moved into packaging stocks Monday, with key names falling below technical support. Explore three short sale trading ideas.
WestRock Company today announced that it will host a conference call to discuss third quarter fiscal 2019 results and other topics on Thursday, August 1, at 8:30 am ET. WestRock will release its third quarter fiscal 2019 results prior to market open on Thursday, August 1.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 8 months is one of those periods, as the Russell 2000 […]
The Carter Center has added more than 30 high-profile Georgia business leaders to its leadership advisory group.
The big shareholder groups in WestRock Company (NYSE:WRK) have power over the company. Institutions will often hold...
WestRock (WRK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
WestRock Company (WRK) today announced that its wholly owned subsidiary, WRKCo Inc., has priced a registered public offering of $500 million aggregate principal amount of 3.900% senior notes due June 1, 2028 and $500 million aggregate principal amount of 4.200% senior notes due June 1, 2032. The notes will be guaranteed by WestRock Company and certain of its subsidiaries. WestRock intends to use the net proceeds of the offering to redeem (on June 3, 2019) all of the $250.0 million principal amount of WestRock MWV, LLC’s 7.375% notes due on September 1, 2019 (the “2019 Notes”) and all of the $350.0 million principal amount of WestRock RKT, LLC’s 3.500% notes due March 1, 2020 (the “2020 Notes”), to reduce outstanding indebtedness under a term loan and commercial paper program and for general corporate purposes.
The notes will be unsecured senior obligations of WRKCo Inc. and will rank equally with the company's existing unsecured senior indebtedness. WestRock intends to use the net proceeds of this offering to repay existing debt, including bonds due in 2019 and 2020, as well as a portion of term loan and commercial paper outstandings.