Smurfit Westrock (NYSE:SW) Stock Gets Price Target Cut from Barclays

Smurfit Westrock (NYSE:SW) had its price target reduced by Barclays from $56.00 to $55.00 in a research note published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

SW has been the subject of a number of other reports. Zacks Research cut Smurfit Westrock from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. Wells Fargo & Company raised their price objective on Smurfit Westrock from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Royal Bank Of Canada dropped their target price on Smurfit Westrock from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Seaport Research Partners restated a “buy” rating and issued a $54.00 target price on shares of Smurfit Westrock in a research report on Wednesday, August 12th. Finally, Wall Street Zen raised Smurfit Westrock from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $55.15.

Smurfit Westrock Stock Down 1.6%

Shares of NYSE:SW opened at $44.49 on Tuesday. The firm has a market capitalization of $23.34 billion, a PE ratio of 49.99, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. Smurfit Westrock has a 52-week low of $32.73 and a 52-week high of $52.65. The firm has a fifty day moving average of $43.60 and a 200 day moving average of $43.53.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). Smurfit Westrock had a net margin of 1.50% and a return on equity of 4.27%. The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter in the previous year, the business earned $0.58 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that Smurfit Westrock will post 1.71 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be issued a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, November 13th. Smurfit Westrock’s payout ratio is currently 202.25%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in Smurfit Westrock by 6.2% in the first quarter. Bank of America Corp DE now owns 5,460,163 shares of the company’s stock worth $217,587,000 after buying an additional 318,336 shares in the last quarter. Trinity Street Asset Management LLP purchased a new stake in Smurfit Westrock in the second quarter worth about $243,400,000. Dimensional Fund Advisors LP boosted its position in Smurfit Westrock by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,848,130 shares of the company’s stock valued at $193,141,000 after acquiring an additional 160,510 shares in the last quarter. Artemis Investment Management LLP boosted its position in Smurfit Westrock by 719.6% during the 3rd quarter. Artemis Investment Management LLP now owns 3,214,979 shares of the company’s stock valued at $141,781,000 after acquiring an additional 2,822,720 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. bought a new stake in Smurfit Westrock during the 2nd quarter valued at approximately $120,660,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Company Profile

Smurfit Westrock plc (NYSE:SW) is a global provider of sustainable paper and packaging solutions. The company produces containerboard, corrugated packaging, folding cartons, paper bags, displays and other packaging products designed for consumer, retail, industrial and e-commerce applications. It also provides packaging design, supply-chain support and recycling services.

Smurfit Westrock was formed in July 2024 through the combination of Smurfit Kappa Group and WestRock. The transaction brought together two established packaging businesses with roots in Europe and North America.