Smurfit Westrock PLC (NYSE:SW) Receives $53.00 Consensus PT from Analysts

Smurfit Westrock PLC (NYSE:SW) has been given an average rating of “Moderate Buy” by the thirteen research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $53.00.

A number of analysts have commented on the company. UBS Group reduced their price objective on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Truist Financial set a $50.00 price objective on shares of Smurfit Westrock in a research note on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and issued a $57.00 target price on shares of Smurfit Westrock in a research note on Wednesday, May 6th. Royal Bank Of Canada lowered their price target on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Wells Fargo & Company cut their price objective on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 20th.

Institutional Investors Weigh In On Smurfit Westrock

A number of institutional investors and hedge funds have recently modified their holdings of SW. Sound Income Strategies LLC increased its stake in Smurfit Westrock by 79,790.6% during the 4th quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock worth $5,459,000 after purchasing an additional 127,665 shares in the last quarter. BIP Wealth LLC bought a new stake in Smurfit Westrock in the 4th quarter valued at $2,412,000. Tounjian Advisory Partners LLC acquired a new position in Smurfit Westrock in the 3rd quarter worth $958,000. Barclays PLC increased its holdings in Smurfit Westrock by 152.2% during the 3rd quarter. Barclays PLC now owns 5,269,743 shares of the company’s stock worth $224,333,000 after purchasing an additional 3,180,531 shares in the last quarter. Finally, Distillate Capital Partners LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at about $15,001,000. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Performance

Shares of SW opened at $41.34 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. The company’s fifty day moving average price is $40.28 and its 200 day moving average price is $40.73. The company has a market capitalization of $21.68 billion, a PE ratio of 57.42 and a beta of 0.96. Smurfit Westrock has a one year low of $32.73 and a one year high of $52.65.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. As a group, analysts expect that Smurfit Westrock will post 2.32 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, May 15th. Smurfit Westrock’s dividend payout ratio is presently 251.39%.

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.