JPMorgan Chase & Co. Issues Positive Forecast for Smurfit Westrock (NYSE:SW) Stock Price

Smurfit Westrock (NYSE:SW) had its price target raised by JPMorgan Chase & Co. from $65.00 to $71.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 37.77% from the stock’s previous close.

SW has been the subject of several other research reports. Barclays lowered their price objective on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. UBS Group decreased their target price on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of Smurfit Westrock in a report on Tuesday, June 23rd. They set a “buy” rating and a $57.00 price target for the company. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of Smurfit Westrock from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Smurfit Westrock presently has an average rating of “Moderate Buy” and a consensus price target of $55.33.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock traded up $1.44 during trading on Tuesday, hitting $51.53. 838,203 shares of the stock traded hands, compared to its average volume of 5,811,871. The stock has a market cap of $27.03 billion, a price-to-earnings ratio of 71.60, a PEG ratio of 0.81 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Smurfit Westrock has a 52 week low of $32.73 and a 52 week high of $52.65. The firm’s fifty day moving average is $43.15 and its 200-day moving average is $42.68.

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

Hedge Funds Weigh In On Smurfit Westrock

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

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.