Truist Financial Issues Pessimistic Forecast for Smurfit Westrock (NYSE:SW) Stock Price

Smurfit Westrock (NYSE:SW) had its price objective dropped by equities researchers at Truist Financial from $62.00 to $50.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 19.19% from the stock’s current price.

SW has been the topic of a number of other reports. Morgan Stanley lowered their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company lowered their target price on shares of Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup raised their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus target price of $58.70.

Smurfit Westrock Stock Up 1.0 %

Smurfit Westrock stock opened at $41.95 on Tuesday. The firm has a 50 day simple moving average of $45.57 and a 200 day simple moving average of $49.81. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. Smurfit Westrock has a 1-year low of $37.01 and a 1-year high of $56.99. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 76.27 and a beta of 1.00.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. On average, analysts predict that Smurfit Westrock will post 3.25 earnings per share for the current year.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total value of $1,333,828.50. Following the completion of the sale, the insider now owns 111,458 shares of the company’s stock, valued at $6,136,877.48. This represents a 17.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alvaro Henao sold 4,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the transaction, the insider now owns 44,361 shares in the company, valued at $2,391,057.90. The trade was a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Smurfit Westrock

A number of large investors have recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC bought a new position in shares of Smurfit Westrock during the fourth quarter valued at about $25,000. Versant Capital Management Inc bought a new stake in Smurfit Westrock in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after purchasing an additional 279 shares during the period. Deseret Mutual Benefit Administrators bought a new position in shares of Smurfit Westrock in the fourth quarter worth approximately $30,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in shares of Smurfit Westrock in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Company Profile

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.