Smurfit Westrock (NYSE:SW) Price Target Raised to $58.00 at Morgan Stanley

Smurfit Westrock (NYSE:SW) had its price target upped by analysts at Morgan Stanley from $57.00 to $58.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 17.76% from the company’s current price.

SW has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Smurfit Westrock in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 price target on the stock. Citigroup increased their target price on Smurfit Westrock from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded Smurfit Westrock from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Loop Capital set a $71.00 target price on Smurfit Westrock in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. upped their price target on Smurfit Westrock from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Eleven 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, Smurfit Westrock presently has an average rating of “Moderate Buy” and an average price target of $57.69.

Smurfit Westrock Stock Down 0.6%

Shares of NYSE SW opened at $49.25 on Thursday. The firm has a market capitalization of $25.83 billion, a PE ratio of 52.13, a price-to-earnings-growth ratio of 0.90 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. 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 $46.55 and its 200-day moving average is $43.62.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%.The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.93 billion. During the same period last year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts expect that Smurfit Westrock will post 2.06 EPS for the current year.

Institutional Investors Weigh In On Smurfit Westrock

A number of hedge funds have recently modified their holdings of the business. Capital Research Global Investors grew its position in shares of Smurfit Westrock by 31.2% in the 4th quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock valued at $1,397,057,000 after purchasing an additional 8,596,558 shares during the period. California State Teachers Retirement System lifted its stake in Smurfit Westrock by 4,569.7% in the second quarter. California State Teachers Retirement System now owns 28,175,624 shares of the company’s stock valued at $1,303,404,000 after buying an additional 27,572,248 shares in the last quarter. State Street Corp boosted its holdings in shares of Smurfit Westrock by 3.6% in the fourth quarter. State Street Corp now owns 24,652,132 shares of the company’s stock valued at $953,311,000 after buying an additional 845,218 shares during the period. Orbis Allan Gray Ltd boosted its holdings in shares of Smurfit Westrock by 81.9% in the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after buying an additional 8,286,205 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Smurfit Westrock by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 13,795,987 shares of the company’s stock worth $531,483,000 after acquiring an additional 155,778 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

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.