Brokerages Set Smurfit Westrock PLC (NYSE:SW) Target Price at $57.69

Shares of Smurfit Westrock PLC (NYSE:SW) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. Two 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 objective among brokerages that have updated their coverage on the stock in the last year is $57.6923.

Several brokerages have commented on SW. Truist Financial raised their price target on shares of Smurfit Westrock from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Loop Capital set a $71.00 price objective on Smurfit Westrock in a research report on Tuesday, July 28th. Seaport Research Partners reissued a “buy” rating and issued a $54.00 price objective on shares of Smurfit Westrock in a report on Wednesday, August 12th. Wall Street Zen upgraded Smurfit Westrock from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Barclays lifted their target price on Smurfit Westrock from $52.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th.

Institutional Investors Weigh In On Smurfit Westrock

Institutional investors have recently bought and sold shares of the stock. Wahed Invest LLC increased its holdings in shares of Smurfit Westrock by 1.6% during the 4th quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock valued at $531,000 after acquiring an additional 221 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in Smurfit Westrock by 4.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock worth $292,000 after purchasing an additional 264 shares during the last quarter. AXA S.A. boosted its position in Smurfit Westrock by 1.3% during the second quarter. AXA S.A. now owns 22,283 shares of the company’s stock worth $962,000 after purchasing an additional 285 shares during the period. Mariner LLC boosted its position in Smurfit Westrock by 0.9% during the third quarter. Mariner LLC now owns 31,906 shares of the company’s stock worth $1,358,000 after purchasing an additional 294 shares during the period. Finally, Creative Planning grew its holdings in Smurfit Westrock by 5.0% during the third quarter. Creative Planning now owns 7,082 shares of the company’s stock valued at $301,000 after purchasing an additional 338 shares during the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.1%

Smurfit Westrock stock opened at $43.26 on Monday. The company has a 50-day simple moving average of $46.45 and a 200-day simple moving average of $43.32. The firm has a market capitalization of $22.69 billion, a P/E ratio of 46.02, a P/E/G ratio of 1.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 1.45. Smurfit Westrock has a one year low of $32.73 and a one year high of $52.65.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data 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). The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.93 billion. Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) earnings per share. As a group, equities analysts expect that Smurfit Westrock will post 1.98 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 14th were issued a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, August 14th. Smurfit Westrock’s dividend payout ratio (DPR) is 192.55%.

Smurfit Westrock Company Profile

Smurfit Westrock plc (NYSE:SW) is a global provider of paper and corrugated packaging solutions. The company designs and manufactures products such as corrugated shipping containers, consumer packaging, folding cartons, paper bags, displays and other fiber-based packaging used across a range of industries.

The company also produces containerboard and other paper products that support its packaging operations, along with recycling and packaging-related services. Its customers include businesses in the food and beverage, consumer products, industrial, e-commerce and retail sectors.