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

Smurfit Westrock (NYSE:SW) had its target price lowered by Truist Financial from $57.00 to $54.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Citigroup reduced their price target on Smurfit Westrock from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Wells Fargo & Company upped their price target on Smurfit Westrock from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Loop Capital set a $71.00 price objective on shares of Smurfit Westrock in a research report on Tuesday, July 28th. Weiss Ratings downgraded shares of Smurfit Westrock from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Barclays lifted their price objective on shares of Smurfit Westrock from $52.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.08.

Smurfit Westrock Trading Down 1.7%

NYSE:SW opened at $40.74 on Monday. The business’s 50-day moving average is $45.58 and its two-hundred day moving average is $43.58. The firm has a market capitalization of $21.37 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.34 and a beta of 0.96. Smurfit Westrock has a 12 month low of $32.73 and a 12 month high of $52.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.96.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.07). Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%. The company had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.93 billion. During the same period in the previous year, the company earned ($0.05) EPS. Smurfit Westrock’s quarterly revenue was up 1.1% on a year-over-year basis. Research analysts predict that Smurfit Westrock will post 1.96 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Friday, August 14th were given a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, August 14th. Smurfit Westrock’s dividend payout ratio is presently 192.55%.

Institutional Trading of Smurfit Westrock

Several large investors have recently modified their holdings of the business. Root Financial Partners LLC lifted its stake in shares of Smurfit Westrock by 187.6% in the first quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock worth $31,000 after acquiring an additional 501 shares in the last quarter. Axiom Investment Management LLC purchased a new position in Smurfit Westrock in the first quarter valued at about $62,000. Bessemer Group Inc. grew its stake in Smurfit Westrock by 93.1% during the 1st quarter. Bessemer Group Inc. now owns 3,208 shares of the company’s stock valued at $128,000 after purchasing an additional 1,547 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Smurfit Westrock during the 2nd quarter valued at approximately $153,000. Finally, Continuum Advisory LLC acquired a new stake in Smurfit Westrock during the 2nd quarter valued at approximately $172,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

About Smurfit Westrock

Smurfit Westrock plc (NYSE:SW) is a global provider of paper-based packaging solutions. The company manufactures corrugated packaging, folding cartons, paper bags and sacks, beverage packaging, consumer packaging, point-of-sale displays, and other customized products designed to protect, transport, and present goods.

The company also operates paper mills, recycling facilities, and packaging-design and testing operations. Its products serve customers in industries including food and beverage, consumer goods, retail, industrial products, and e-commerce.