Smurfit Westrock (NYSE:SW) Price Target Lowered to $51.00 at Citigroup

Smurfit Westrock (NYSE:SW) had its target price lowered by investment analysts at Citigroup from $53.00 to $51.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 33.31% from the stock’s previous close.

SW has been the topic of several other reports. Barclays lowered their price objective on Smurfit Westrock from $56.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Zacks Research downgraded Smurfit Westrock from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Morgan Stanley lowered their price target on Smurfit Westrock from $61.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, March 6th. Wells Fargo & Company dropped their price target on Smurfit Westrock from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 20th. Finally, Truist Financial set a $50.00 price objective on shares of Smurfit Westrock in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and an average price target of $53.45.

Smurfit Westrock Price Performance

Shares of NYSE SW traded down $1.17 during midday trading on Monday, reaching $38.26. The stock had a trading volume of 3,584,585 shares, compared to its average volume of 6,063,911. The stock has a 50-day moving average of $41.54 and a 200-day moving average of $40.54. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. The company has a market capitalization of $20.06 billion, a price-to-earnings ratio of 53.28 and a beta of 0.95. Smurfit Westrock has a 12-month low of $32.73 and a 12-month high of $52.65.

Smurfit Westrock (NYSE:SW) last released its earnings results on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. As a group, research analysts anticipate that Smurfit Westrock will post 2.31 EPS for the current fiscal year.

Insider Activity at Smurfit Westrock

In related news, CFO Ken Bowles sold 10,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $51.26, for a total value of $512,600.00. Following the sale, the chief financial officer owned 151,644 shares in the company, valued at approximately $7,773,271.44. The trade was a 6.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Anthony P. J. Smurfit sold 40,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $51.54, for a total transaction of $2,061,600.00. Following the sale, the chief executive officer directly owned 1,642,610 shares in the company, valued at approximately $84,660,119.40. The trade was a 2.38% decrease in their position. The SEC filing for this sale provides additional information. 0.46% of the stock is owned by corporate insiders.

Institutional Trading of Smurfit Westrock

Large investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. lifted its stake in shares of Smurfit Westrock by 113.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock valued at $27,000 after purchasing an additional 340 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Smurfit Westrock during the 2nd quarter valued at $29,000. DV Equities LLC bought a new position in Smurfit Westrock during the fourth quarter valued at $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Smurfit Westrock during the 4th quarter worth about $28,000. Finally, Root Financial Partners LLC grew its holdings in Smurfit Westrock by 187.6% during the 1st 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. 83.38% of the stock is currently owned by 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.