Smurfit Westrock (NYSE:SW) Price Target Raised to $55.00

Smurfit Westrock (NYSE:SW) had its target price raised by Truist Financial from $50.00 to $55.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Smurfit Westrock in a research report on Tuesday, June 23rd. They set a “buy” rating and a $57.00 target price for the company. Barclays reduced their price target on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. UBS Group decreased their price objective on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Morgan Stanley reiterated an “overweight” rating and issued a $57.00 price objective on shares of Smurfit Westrock in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on Smurfit Westrock from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus price target of $54.83.

Smurfit Westrock Stock Down 0.8%

Shares of NYSE SW opened at $44.39 on Wednesday. Smurfit Westrock has a 1 year low of $32.73 and a 1 year high of $52.65. The firm’s 50-day moving average is $42.42 and its 200-day moving average is $42.40. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $23.28 billion, a PE ratio of 61.66, a price-to-earnings-growth ratio of 0.74 and a beta of 0.95.

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

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $0.4523 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.81 annualized dividend and a dividend yield of 4.1%. Smurfit Westrock’s payout ratio is currently 251.39%.

Hedge Funds Weigh In On Smurfit Westrock

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Smurfit Westrock in the fourth quarter valued at about $28,000. DV Equities LLC bought a new position in shares of Smurfit Westrock during the fourth quarter worth about $28,000. CYBER HORNET ETFs LLC bought a new position in shares of Smurfit Westrock during the second quarter worth about $29,000. Root Financial Partners LLC raised its position in Smurfit Westrock by 187.6% in the 1st quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after buying an additional 501 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Smurfit Westrock in the 4th quarter valued at approximately $31,000. 83.38% of the stock is owned by institutional investors and hedge funds.

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.