Smurfit Westrock (NYSE:SW) Price Target Raised to $58.00

Smurfit Westrock (NYSE:SW) had its price target upped by Morgan Stanley from $57.00 to $58.00 in a research report released on Thursday, Marketbeat.com reports. They currently have an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings raised shares of Smurfit Westrock from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 24th. Barclays upped 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. Royal Bank Of Canada raised their price target on Smurfit Westrock from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. boosted their price objective on Smurfit Westrock from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Finally, Wells Fargo & Company upped their price objective on Smurfit Westrock from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average target price of $57.69.

Smurfit Westrock Trading Down 0.7%

Shares of SW opened at $48.30 on Thursday. Smurfit Westrock has a twelve month low of $32.73 and a twelve month high of $52.65. The company has a market cap of $25.33 billion, a P/E ratio of 51.38, a P/E/G ratio of 0.92 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $46.72 and its 200-day simple moving average is $43.68.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share (EPS) 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 return on equity of 4.60% and a net margin of 1.59%.Smurfit Westrock’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. As a group, analysts expect that Smurfit Westrock will post 1.98 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a dividend of $0.4523 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.81 dividend on an annualized basis and a yield of 3.7%. Smurfit Westrock’s payout ratio is 192.55%.

Hedge Funds Weigh In On Smurfit Westrock

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Smurfit Westrock in the fourth quarter worth about $28,000. DV Equities LLC purchased a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $28,000. CYBER HORNET ETFs LLC bought a new position in shares of Smurfit Westrock during the second quarter valued at approximately $29,000. Root Financial Partners LLC increased its holdings in Smurfit Westrock by 187.6% during the first quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after buying an additional 501 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Smurfit Westrock during the fourth quarter valued at approximately $31,000. Institutional investors own 83.38% of the company’s stock.

About Smurfit Westrock

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.