Smurfit Westrock (NYSE:SW) Stock Price Expected to Rise, Truist Financial Analyst Says

Smurfit Westrock (NYSE:SW) had its target price raised by equities researchers at Truist Financial from $50.00 to $55.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 22.73% from the company’s previous close.

A number of other analysts have also weighed in on SW. Deutsche Bank Aktiengesellschaft began coverage on Smurfit Westrock in a research note on Tuesday, June 23rd. They set a “buy” rating and a $57.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Smurfit Westrock in a research note on Tuesday, March 24th. They issued a “buy” rating and a $49.00 target price on the stock. Royal Bank Of Canada lowered their price target on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and set a $57.00 price target on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price target on shares of Smurfit Westrock from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.58.

Smurfit Westrock Trading Up 2.8%

NYSE SW opened at $44.81 on Wednesday. The firm has a market cap of $23.50 billion, a PE ratio of 62.24, a price-to-earnings-growth ratio of 0.72 and a beta of 0.95. Smurfit Westrock has a 1-year low of $32.73 and a 1-year high of $52.65. The stock has a 50-day moving average of $42.37 and a 200-day moving average of $42.38. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

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

Hedge Funds Weigh In On Smurfit Westrock

Several hedge funds have recently made changes to their positions in SW. Wahed Invest LLC lifted its stake in Smurfit Westrock by 1.6% in the fourth quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock worth $531,000 after acquiring an additional 221 shares during the period. International Private Wealth Advisors LLC boosted its holdings in Smurfit Westrock by 3.5% in the fourth quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock valued at $277,000 after acquiring an additional 245 shares in the last quarter. Benjamin Edwards Inc. increased its position in Smurfit Westrock by 4.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock valued at $292,000 after purchasing an additional 264 shares during the period. AXA S.A. increased its position in Smurfit Westrock by 1.3% during the 2nd quarter. AXA S.A. now owns 22,283 shares of the company’s stock valued at $962,000 after purchasing an additional 285 shares during the period. Finally, Mariner LLC increased its position in Smurfit Westrock by 0.9% during the 3rd quarter. Mariner LLC now owns 31,906 shares of the company’s stock valued at $1,358,000 after purchasing an additional 294 shares during the period. 83.38% of the stock is owned by hedge funds and other institutional investors.

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.