Smurfit Westrock PLC (NYSE:SW) Receives $51.60 Consensus Price Target from Analysts

Shares of Smurfit Westrock PLC (NYSE:SW) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $51.60.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Truist Financial reduced their price objective on Smurfit Westrock from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Citigroup reduced their target price on shares of Smurfit Westrock from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Barclays dropped their price objective on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. grew its stake 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 valued at $27,000 after buying an additional 340 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Smurfit Westrock in the 2nd quarter valued at $29,000. Root Financial Partners LLC acquired a new stake in shares of Smurfit Westrock during the 3rd quarter worth about $33,000. Rexford Capital Inc. purchased a new stake in Smurfit Westrock in the 2nd quarter valued at about $35,000. Finally, Whipplewood Advisors LLC raised its holdings in Smurfit Westrock by 50.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock valued at $44,000 after buying an additional 342 shares during the period. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $42.93 on Friday. The company has a market capitalization of $22.42 billion, a P/E ratio of 30.02 and a beta of 1.09. Smurfit Westrock has a 12-month low of $32.73 and a 12-month high of $55.54. The business’s 50 day moving average is $38.65 and its two-hundred day moving average is $41.39. 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 (NYSE:SW) last announced 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 business had revenue of $8 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Smurfit Westrock will post 3.25 EPS for the current fiscal year.

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.