Citigroup Lowers Smurfit Westrock (NYSE:SW) Price Target to $48.00

Smurfit Westrock (NYSE:SW) had its target price reduced by equities research analysts at Citigroup from $49.00 to $48.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 17.18% from the company’s current price.

A number of other equities research analysts have also commented on the stock. UBS Group started coverage on shares of Smurfit Westrock in a research note on Monday, September 15th. They issued a “buy” rating and a $60.00 price objective on the stock. Wells Fargo & Company decreased their price target on Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday. Barclays dropped their price objective on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. JPMorgan Chase & Co. raised their target price on Smurfit Westrock from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Finally, Truist Financial dropped their price target on Smurfit Westrock from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.60.

Smurfit Westrock Trading Up 2.2%

NYSE:SW traded up $0.89 during trading hours on Tuesday, hitting $40.96. 1,875,674 shares of the company were exchanged, compared to its average volume of 3,944,435. The stock has a market capitalization of $21.39 billion, a price-to-earnings ratio of 28.65 and a beta of 1.09. The company has a fifty day simple moving average of $36.66 and a 200 day simple moving average of $41.73. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72. Smurfit Westrock has a one year low of $32.73 and a one year high of $56.05.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data 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). Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.89 billion. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts expect that Smurfit Westrock will post 3.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Smurfit Westrock

A number of hedge funds have recently bought and sold shares of SW. TD Waterhouse Canada Inc. lifted its position in shares of Smurfit Westrock by 113.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock valued at $27,000 after buying an additional 340 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Smurfit Westrock during the second quarter valued at about $29,000. Root Financial Partners LLC bought a new position in Smurfit Westrock during the third quarter worth about $33,000. Rexford Capital Inc. purchased a new position in shares of Smurfit Westrock in the second quarter worth about $35,000. Finally, Whipplewood Advisors LLC raised its position in shares of Smurfit Westrock by 50.0% in the second quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock valued at $44,000 after purchasing an additional 342 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.