Stock Watch: Following the Consensus Target Price for WestRock Company (NYSE:WRK)

After a recent review, we have noted that shares of WestRock Company (NYSE:WRK) have an average target price of $51.78. This is the consensus target price provided by analysts used by Zacks Research. Professional sell-side analysts that cover the stock are usually diligently monitoring the company to gauge future stock price movements. Price target projections can be calculated using alternate methods, and they can differ from one analyst to another. Many investors will track stock target prices, especially when analysts update their projections. 

With the stock market still riding high, bear market scenarios may not be at the forefront of the average investor’s mind. There are plenty of professionals out there that are predicting that the markets will be turning south in the near future. There are others who believe that the bulls are still in control, and they will be leading the charge higher over the next few months. Nobody knows for sure which scenario will play out, but being ready for any market situation may turn out to be a portfolio savior in the long-term. Any time the stock market drops sharply or sees sustained losses, investors may start to worry. These declines are usually followed by extreme headlines from financial news outlets. It is important to remember that corrections are a normal part of market cycles. Being able to control panic and pessimism may be a great skill for the investor to use when times get tough. Knowing exactly what stocks are in the portfolio can help make unsettling market conditions bearable for investors. If the hard research has been done and the plan is in motion, there may not be any need to second guess and cause more problems before things turn around and smooth out.

Taking a look at the current consensus broker rating for WestRock Company (NYSE:WRK), we note that the ABR is 2.45. This Zacks consensus rating follows a numerical scale where a number in the 1-2 range generally represents a Buy, a 3 would indicate a Hold and 4-5 signals a Sell rating. In terms of the number of bullish analysts that have the stock rated a Buy or Strong Buy, we can see that the number is currently 3.

Investors may be following some historical price data on shares of WestRock Company (NYSE:WRK). Over the past 12 weeks, the stock has seen a change of 0.91%. If we go back to the beginning of the year, we can see that shares have changed -0.29%. Over the last 4 weeks, shares have seen a change of -6.62%. Over the last 5 trading sessions, the stock has moved -4.88%. Investors will be monitoring stock activity over the next few weeks to try and gauge which way the momentum is leaning. Checking on some possible support and resistance levels, we have noted that that the 52-week high is currently $66.61, and the 52-week low is currently $35.24. When shares are trading close to the 52-week high or 52-week low, investors might be paying added attention. Looking at some recent action, we note that the stock has been seen trading near the $37.65 mark.

We can now shift the focus to some company earnings data. Based on projections provided by 11 individual Wall Street analysts polled by Zacks Research, WestRock Company (NYSE:WRK) has a current quarter EPS consensus estimate of 0.64. For the prior reporting period, the company posted quarterly earnings per share of 0.83. As earnings season continues, investors will be closely tracking analyst estimates. Sell-side analysts often make updates before and after the company reports earnings numbers. Following analyst estimate updates leading up to the earnings release may offer some good insight into the direction that the estimates are trending. Investors will be watching to see which companies post the largest earnings surprises this quarter.

Investors might be looking at their stock holdings and trying to gauge which ones will break out to new highs. Many investors will keep a close eye on stocks that are trading near popular marks such as the 52-week high. Stocks trading near 52-week lows also tend to garner additional attention. When a stock is flirting with a new 52-week high, investors may have to decide whether to cash in to lock in profits or wait to see if a breakthrough is going to happen. Companies that are teetering near the 52-week low may be worth taking a look at. Studying the fundamentals may show that the stock should be performing better than it is. This might be the time to think about purchasing shares that for whatever reason may have fallen out of favor with investors. Crunching the numbers and doing full analysis of stocks that have been trending down may help lead to some discoveries that could turn out to be highly valuable if and when the momentum shifts to the upside.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.