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WestRock Company (WRK) Reaches $60.79 After 6.00% Down Move; Hillsdale Investment Management Cut Bank Montreal Que (BMO) Stake By $1.39 Million

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The stock of WestRock Company (NYSE:WRK) is a huge mover today! The stock decreased 5.53% or $3.56 during the last trading session, reaching $60.79. About 3.37 million shares traded or 97.73% up from the average. WestRock Company (NYSE:WRK) has risen 22.97% since April 29, 2017 and is uptrending. It has outperformed by 11.42% the S&P500.The move comes after 8 months negative chart setup for the $15.33B company. It was reported on Apr, 29 by Barchart.com. We have $57.14 PT which if reached, will make NYSE:WRK worth $919.74M less.

Hillsdale Investment Management Inc decreased Bank Montreal Que (BMO) stake by 17.91% reported in 2017Q4 SEC filing. Hillsdale Investment Management Inc sold 17,560 shares as Bank Montreal Que (BMO)’s stock declined 5.54%. The Hillsdale Investment Management Inc holds 80,480 shares with $6.43M value, down from 98,040 last quarter. Bank Montreal Que now has $49.56 billion valuation. The stock increased 0.84% or $0.64 during the last trading session, reaching $76.67. About 370,814 shares traded. Bank of Montreal (NYSE:BMO) has risen 0.84% since April 29, 2017 and is uptrending. It has underperformed by 10.71% the S&P500.

Hillsdale Investment Management Inc increased Ishares Inc Em Mkt Sm (EEMS) stake by 19,183 shares to 195,483 valued at $10.38 million in 2017Q4. It also upped Manulife Finl Corp (NYSE:MFC) stake by 84,000 shares and now owns 542,800 shares. Shopify Inc was raised too.

Analysts await Bank of Montreal (NYSE:BMO) to report earnings on May, 23. They expect $1.68 EPS, up 15.86% or $0.23 from last year’s $1.45 per share. BMO’s profit will be $1.09B for 11.41 P/E if the $1.68 EPS becomes a reality. After $1.68 actual EPS reported by Bank of Montreal for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 13 analysts covering Bank Of Montreal (NYSE:BMO), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 31% are positive. Bank Of Montreal had 29 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, May 25. The firm earned “Sector Perform” rating on Wednesday, August 26 by Scotia Capital. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, September 11 report. The company was upgraded on Thursday, May 18 by Citigroup. The company was downgraded on Tuesday, October 4 by Credit Suisse. The firm has “Underweight” rating given on Wednesday, December 2 by Barclays Capital. The stock of Bank of Montreal (NYSE:BMO) earned “Neutral” rating by Credit Suisse on Tuesday, March 8. As per Wednesday, December 7, the company rating was upgraded by Canaccord Genuity. The company was maintained on Wednesday, August 24 by RBC Capital Markets. TD Securities downgraded the stock to “Hold” rating in Thursday, May 26 report.

Among 17 analysts covering WestRock (NYSE:WRK), 11 have Buy rating, 1 Sell and 5 Hold. Therefore 65% are positive. WestRock has $85.0 highest and $40 lowest target. $67.23’s average target is 10.59% above currents $60.79 stock price. WestRock had 65 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of WestRock Company (NYSE:WRK) earned “Outperform” rating by RBC Capital Markets on Thursday, April 27. Barclays Capital maintained it with “Equal-Weight” rating and $45 target in Thursday, August 11 report. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, February 12. The stock of WestRock Company (NYSE:WRK) earned “Buy” rating by Citigroup on Thursday, September 1. The stock of WestRock Company (NYSE:WRK) has “Buy” rating given on Monday, June 13 by Citigroup. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Wednesday, September 16. The stock of WestRock Company (NYSE:WRK) earned “Buy” rating by Bank of America on Tuesday, January 30. The firm has “Neutral” rating given on Monday, January 25 by Bank of America. As per Thursday, September 22, the company rating was initiated by Goldman Sachs. The stock has “Underperform” rating by Credit Agricole on Wednesday, July 22.

WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, and Asia. The company has market cap of $15.33 billion. The firm operates through Corrugated Packaging, Consumer Packaging, and Land and Development divisions. It has a 8.86 P/E ratio. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards for consumer and industrial products manufacturers, and corrugated box manufacturers; and recycled fiber.

Bank of Montreal (NYSE:BMO) Ratings Chart

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