Smurfit Westrock Ltd (NYSE:SW) Receives $57.43 Average PT from Analysts

Smurfit Westrock Ltd (NYSE:SW) has been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $57.43.

Several equities research analysts have recently weighed in on the company. Morgan Stanley started coverage on Smurfit Westrock in a report on Friday, July 19th. They issued an “overweight” rating and a $60.00 price target on the stock. Citigroup began coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $52.00 target price on shares of Smurfit Westrock in a research report on Monday, July 29th. JPMorgan Chase & Co. dropped their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Royal Bank of Canada upgraded shares of Smurfit Westrock from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $52.00 to $58.00 in a research note on Thursday.

Hedge Funds Weigh In On Smurfit Westrock

A number of hedge funds have recently bought and sold shares of SW. Covestor Ltd acquired a new position in shares of Smurfit Westrock during the third quarter worth approximately $105,000. Atria Investments Inc purchased a new stake in shares of Smurfit Westrock in the third quarter valued at $362,000. Assetmark Inc. purchased a new position in Smurfit Westrock during the third quarter valued at approximately $59,000. Executive Wealth Management LLC acquired a new position in Smurfit Westrock in the 3rd quarter worth about $297,000. Finally, Principal Financial Group Inc. bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at $29,716,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Price Performance

NYSE:SW opened at $51.46 on Friday. The company has a market cap of $26.73 billion, a price-to-earnings ratio of 285.89 and a beta of 1.04. Smurfit Westrock has a 1 year low of $38.55 and a 1 year high of $52.76. The company has a 50 day moving average of $46.53. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 2.18.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s payout ratio is 672.22%.

About Smurfit Westrock

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.