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

Smurfit Westrock (NYSE:SW) had its price target dropped by equities researchers at Citigroup from $54.00 to $50.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup‘s price target suggests a potential upside of 15.10% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Smurfit Westrock from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Royal Bank Of Canada reduced their target price on shares of Smurfit Westrock from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Loop Capital set a $71.00 target price on shares of Smurfit Westrock in a report on Tuesday, July 28th. Wells Fargo & Company upped their price target on shares of Smurfit Westrock from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $54.00 price target on shares of Smurfit Westrock in a research note on Wednesday, August 12th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.23.

Smurfit Westrock Trading Up 0.8%

Smurfit Westrock stock traded up $0.35 during trading hours on Monday, hitting $43.44. The stock had a trading volume of 1,541,098 shares, compared to its average volume of 5,434,313. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. The stock has a market cap of $22.79 billion, a price-to-earnings ratio of 48.79, a P/E/G ratio of 1.75 and a beta of 1.01. Smurfit Westrock has a one year low of $32.73 and a one year high of $52.65. The business’s 50 day simple moving average is $44.02 and its 200-day simple moving average is $43.50.

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 the consensus estimate of $0.60 by ($0.15). The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.29 billion. Smurfit Westrock had a return on equity of 4.27% and a net margin of 1.50%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share. On average, equities analysts predict that Smurfit Westrock will post 1.71 EPS for the current fiscal year.

Institutional Trading of Smurfit Westrock

Several large investors have recently modified their holdings of SW. Root Financial Partners LLC increased its stake in shares of Smurfit Westrock by 187.6% in the 1st quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after acquiring an additional 501 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new stake in Smurfit Westrock in the third quarter worth $37,000. Axiom Investment Management LLC acquired a new stake in Smurfit Westrock in the first quarter worth $62,000. Bessemer Group Inc. grew its holdings in Smurfit Westrock by 93.1% in the first quarter. Bessemer Group Inc. now owns 3,208 shares of the company’s stock worth $128,000 after purchasing an additional 1,547 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in Smurfit Westrock in the second quarter valued at $153,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

About Smurfit Westrock

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.