Description :

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

• Total consideration to WestRock stockholders is equivalent to $43.51 per WestRock Share, based on the closing share price of Smurfit Kappa ordinary shares on September 11, 2023.
• The scores are based on the trading styles of Value, Growth, and Momentum.
• Recently, the industry has been impacted by weak packaging demand, as customer spending has been muted due to inflationary pressures.
• After completing the combination, Smurfit WestRock's ordinary shares will be listed on the NYSE.

ChargePoint noted $150 million in revenue while analysts polled by LSEG forecast $153 million. The company also said it would cut its global workforce by about 10%. Given the extensive synergies between the two companies, Smurfit Kappa expects the deal to increase profits in the high single-digit by over 20% by the end of its first year of operations. A new holding company will be created for Smurfit WestRock, which will be Dublin-based and listed on the New York Stock Exchange. However, the deal offered a 28% premium to WestRock's closing price yesterday, leading to a jump in its stock price. The deal is subject to approval of shareholders of both WestRock and Smurfit Kappa as well as other customary closing conditions.

Smurfit Kappa Group NewsMORE

The company was incorporated in 2018 and is based in Atlanta, Georgia. Packaging company WestRock's (WRK) shares soared by almost 7% in pre-market trading on Tuesday after a merger announcement with Dublin-based Smurfit Kappa to create the world's largest listed paper and packaging company by revenue. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

WestRock's stock was trading at $35.16 at the beginning of 2023. Since then, WRK stock has increased by 4.7% and is now trading at $36.82. The companies will form Smurfit WestRock — set to be one of the largest packaging companies in the world. Energy companies were rising broadly as the price of crude oil climbed. Activist investor Starboard Value sent a letter to the company saying it’s deeply undervalued and needs to cut costs and make other changes.

WestRock declared that its board has initiated a share repurchase program on Thursday, May 5th 2022, which permits the company to buyback 25,000,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board believes its stock is undervalued. WestRock saw a decline in short interest in the month of August.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of WestRock Company - WRK

© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see what is meaning of company Barchart's disclaimer. The company is combining with Smurfit Kappa to create a global packaging company. ChargePoint Holdings — Shares of the electric vehicle charging infrastructure company tumbled 11.6% after ChargePoint missed estimates for the fiscal second quarter.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Compare WRK’s historical performance against https://1investing.in/ its industry peers and the overall market. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

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60.0% of employees surveyed would recommend working at WestRock to a friend. Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Sign-up to receive the latest news and ratings for WestRock and its competitors with MarketBeat's FREE daily newsletter. WestRock, Smurfit Kappa are in talks to create a company with combined value of roughly $20 billion. Tony Smurfit, CEO of packaging giant Smurfit Kappa, discusses the company's announcement that they will merge with U.S. peer Westrock.

These two companies generate plenty of cash flow to sustain -- and grow -- their dividend payouts for years to come. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

Earnings Transcripts

On average, they expect the company's share price to reach $35.78 in the next twelve months. View analysts price targets for WRK or view top-rated stocks among Wall Street analysts. Dave & Buster's — Shares of the entertainment and dining company fell more than 3% after it reported weaker-than-expected second-quarter earnings. The company generated 60 cents per share in profit on $542 million of revenue. Analysts surveyed by LSEG, formerly known as Refinitiv, were expecting 93 cents per share on $559 million of revenue.

C3.ai — The artificial intelligence software company plunged 9.2% after C3.ai forecast a larger-than-expected operating loss for the fiscal second quarter. The company called for an operating loss of $27 million to $40 million, while analysts polled by StreetAccount anticipated a loss of $20.5 million. For the latest quarter, C3.ai reported a loss of 9 cents per share, excluding items, on revenue of $72.4 million, while analysts surveyed by LSEG called for a loss of 17 cents per share on revenue of $71.6 million. WestRock — Shares added 6.7% after The Wall Street Journal reported that the company is nearing a merger with Europe's Smurfit Kappa in a deal that could create a global paper and packaging giant worth about $20 billion. WestRock Company WRK and Smurfit Kappa Group Plc SMFKY have agreed to merge and create Smurfit WestRock, which is expected to be one of the world’s largest paper and packaging company with a worth of around $20 billion. 9 equities research analysts have issued 12-month target prices for WestRock's shares.

As of August 15th, there was short interest totaling 3,630,000 shares, a decline of 17.5% from the July 31st total of 4,400,000 shares. Based on an average daily volume of 2,580,000 shares, the short-interest ratio is presently 1.4 days. On July 25, 2023, WestRock Co ( WRK , Financial) experienced a gain of 4.88%, with its stock price reaching $32.26. Despite a market cap of $8.3 billion and sales of $21.1 billion, the company reporte... The operator of convenience stores and gas stations reported earnings that blew past analysts’ estimates. Apple — Apple shares fell more than 2.6% after Bloomberg News reported China is planning to extend a ban on iPhone use to state-owned corporations.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023. The stocks might have some downside, but their prices account for a considerable amount of risk. The deal is expected to close in the second quarter of 2024 after regulatory approvals. The two companies' combined revenue in the last fiscal year was $34 billion, and adjusted core profit was $5.5 billion. The new company, Smurfit WestRock, will be worth about $20 billion when listed.

WestRock manufactures corrugated packaging and consumer packaging, such as folding cartons and paperboard. 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WestRock in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock.

WestRock and Smurfit Kappa’s combined last twelve months’ revenues and adjusted EBITDA were around $34 billion and $5.5 billion, respectively (as of 30 Jun, 2023). The combination will lead to improved operating efficiency and increased returns across more than 500 converting operations and 67 mills. It is projected to result in annual pre-tax run-rate cost synergies of more than $400 million in the first year following its completion. The technique has proven to be very useful for finding positive surprises.

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• Despite a market cap of $8.3 billion and sales of $21.1 billion, the company reporte...
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WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates in four segments, Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers. In addition, this segment manufactures and sells solid fiber and corrugated partitions, and die-cut paperboard components. The Global Paper segment manufactures containerboard, paperboard, and specialty grades primarily to corrugated packaging, folding carton, food service, liquid packaging, tobacco, and commercial print markets.