Royal Bank Of Canada Forecasts Strong Price Appreciation for Smurfit Westrock (NYSE:SW) Stock

Smurfit Westrock (NYSE:SW) had its target price increased by research analysts at Royal Bank Of Canada from $53.00 to $56.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 26.14% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. Truist Financial raised their target price on shares of Smurfit Westrock from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group cut their price target on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Citigroup increased their price target on shares of Smurfit Westrock from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Morgan Stanley restated an “overweight” rating and set a $57.00 price objective on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Smurfit Westrock in a report on Tuesday, June 23rd. They set a “buy” rating and a $57.00 price objective for the company. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.83.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $44.39 on Friday. The stock’s 50-day simple moving average is $42.42 and its two-hundred day simple moving average is $42.40. Smurfit Westrock has a twelve month low of $32.73 and a twelve month high of $52.65. The firm has a market capitalization of $23.28 billion, a P/E ratio of 61.66, a P/E/G ratio of 0.73 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The business had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter last year, the business posted $0.74 EPS. The business’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that Smurfit Westrock will post 2.24 EPS for the current fiscal year.

Institutional Trading of Smurfit Westrock

Several hedge funds and other institutional investors have recently bought and sold shares of SW. Capital Research Global Investors raised its stake in shares of Smurfit Westrock by 31.2% during the fourth quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock worth $1,397,057,000 after acquiring an additional 8,596,558 shares in the last quarter. State Street Corp boosted its stake in shares of Smurfit Westrock by 3.6% in the 4th quarter. State Street Corp now owns 24,652,132 shares of the company’s stock valued at $953,311,000 after purchasing an additional 845,218 shares in the last quarter. Orbis Allan Gray Ltd boosted its stake in shares of Smurfit Westrock by 81.9% in the 2nd quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after purchasing an additional 8,286,205 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Smurfit Westrock by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock valued at $531,483,000 after purchasing an additional 155,778 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Smurfit Westrock during the 4th quarter valued at $495,335,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

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.