Analysts Set Smurfit Westrock PLC (NYSE:SW) PT at $55.30

Smurfit Westrock PLC (NYSE:SW) has received a consensus rating of “Buy” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $55.30.

SW has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. boosted their price objective on shares of Smurfit Westrock from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. UBS Group assumed coverage on Smurfit Westrock in a report on Monday, September 15th. They issued a “buy” rating and a $60.00 price target for the company. Wells Fargo & Company cut their target price on Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $52.00 price objective on shares of Smurfit Westrock in a report on Monday, November 3rd.

Smurfit Westrock Trading Down 1.0%

Shares of SW stock opened at $35.04 on Tuesday. Smurfit Westrock has a 12 month low of $34.90 and a 12 month high of $56.99. The company has a market cap of $18.30 billion, a PE ratio of 24.50 and a beta of 1.11. The company has a quick ratio of 0.95, a current ratio of 1.48 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $41.42 and its two-hundred day moving average is $43.45.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). The firm had revenue of $8 billion during the quarter, compared to analyst estimates of $7.89 billion. Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The company’s revenue was up 4.3% on a year-over-year basis. Equities analysts predict that Smurfit Westrock will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be given a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, November 14th. Smurfit Westrock’s dividend payout ratio is 120.28%.

Institutional Trading of Smurfit Westrock

Large investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. boosted its holdings in shares of Smurfit Westrock by 113.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock worth $27,000 after acquiring an additional 340 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Smurfit Westrock in the first quarter worth about $29,000. CYBER HORNET ETFs LLC bought a new stake in shares of Smurfit Westrock during the second quarter valued at approximately $29,000. IMA Advisory Services Inc. bought a new position in Smurfit Westrock in the 1st quarter worth approximately $30,000. Finally, Root Financial Partners LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at $33,000. 83.38% of the stock is owned by institutional investors.

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.