Smurfit Westrock (NYSE:SW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Smurfit Westrock (NYSE:SW) from a sell rating to a hold rating in a research report released on Saturday morning.

Several other equities analysts have also recently issued reports on SW. Morgan Stanley reissued an “overweight” rating and issued a $57.00 price objective on shares of Smurfit Westrock in a report on Wednesday, May 6th. Truist Financial raised their target price on Smurfit Westrock from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. lifted their price target on Smurfit Westrock from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Loop Capital set a $71.00 price target on Smurfit Westrock in a report on Tuesday, July 28th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.23.

Smurfit Westrock Trading Up 1.8%

NYSE SW opened at $46.79 on Friday. The company has a market capitalization of $24.54 billion, a PE ratio of 49.78, a P/E/G ratio of 0.80 and a beta of 0.96. The company has a fifty day moving average of $44.20 and a 200 day moving average of $42.88. Smurfit Westrock has a 1 year low of $32.73 and a 1 year 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 posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.93 billion. Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. Smurfit Westrock’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) earnings per share. Research analysts forecast that Smurfit Westrock will post 2.13 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a $0.4523 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.9%. Smurfit Westrock’s dividend payout ratio is 192.55%.

Institutional Investors Weigh In On Smurfit Westrock

A number of institutional investors have recently modified their holdings of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Smurfit Westrock during the fourth quarter worth approximately $28,000. DV Equities LLC purchased a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $28,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Smurfit Westrock in the second quarter valued at approximately $29,000. Root Financial Partners LLC raised its stake in shares of Smurfit Westrock by 187.6% during the 1st quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock worth $31,000 after buying an additional 501 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired 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 institutional investors and hedge funds.

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.