WestRock Hits 52-Week High On Robust Capital Allocation
Zacks Investment Research | Jul 10, 2017 11:30PM ET
Paper and packaging solutions provider, WestRock Company (NYSE:WRK) , scaled a 52-week high of $58.62 during the trading session on Jul 10, before retracing to close the day at $58.29. The high is mainly backed by the company’s focus on execution of capital allocation strategy, improvement of core business and acquisitions.
WestRock has a market cap of roughly $14.6 billion and the average volume of shares traded over the last three months is around 1.42M. The company has a healthy year-to-date return of 14.8% and a solid one-year return of 46.7%.
In the last six months, WestRock has gained around 11.6%, outperforming the Zacks categorized Paper and Related Products industry’s gain of 1.9%.
What’s Driving the Stock?
WestRock has long-term earnings growth rate of 9.08%, making us confident of its innate strength. The company has beaten the Zacks Consensus Estimate in each one of the trailing four quarters, the average positive earnings surprise being 9.79%.
Westrock Company Price and Consensus
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