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

Smurfit Westrock (NYSE:SW) had its price objective dropped by equities researchers at Barclays from $56.00 to $55.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 28.77% from the stock’s current price.

A number of other research firms also recently weighed in on SW. Royal Bank Of Canada dropped their target price on Smurfit Westrock from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, October 16th. JPMorgan Chase & Co. decreased their price target on shares of Smurfit Westrock from $69.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Seaport Research Partners reaffirmed a “buy” rating and set a $54.00 price target on shares of Smurfit Westrock in a research report on Wednesday, August 12th. Wells Fargo & Company lifted their price objective on shares of Smurfit Westrock from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Truist Financial cut their price objective on shares of Smurfit Westrock from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.15.

Smurfit Westrock Stock Performance

Shares of NYSE SW traded down $0.69 during trading hours on Tuesday, reaching $42.71. 170,381 shares of the stock were exchanged, compared to its average volume of 5,436,035. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of 47.76, a P/E/G ratio of 1.33 and a beta of 0.96. The stock’s fifty day simple moving average is $43.90 and its 200 day simple moving average is $43.51. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 1.48. Smurfit Westrock has a 52 week low of $32.73 and a 52 week high of $52.65.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.15). Smurfit Westrock had a net margin of 1.50% and a return on equity of 4.27%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Sell-side analysts predict that Smurfit Westrock will post 1.71 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC raised its stake in Smurfit Westrock by 187.6% in the first quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after purchasing an additional 501 shares in the last quarter. Provenance Wealth Advisors LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at about $37,000. Axiom Investment Management LLC bought a new position in Smurfit Westrock in the 1st quarter valued at about $62,000. Bessemer Group Inc. raised its position in shares of Smurfit Westrock by 93.1% in the 1st quarter. Bessemer Group Inc. now owns 3,208 shares of the company’s stock valued at $128,000 after buying an additional 1,547 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Smurfit Westrock in the 2nd quarter valued at approximately $153,000. Institutional investors 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.