Brokerages Set Smurfit Westrock PLC (NYSE:SW) Target Price at $53.00

Smurfit Westrock PLC (NYSE:SW) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $53.00.

Several research firms recently issued reports on SW. Citigroup reduced their price target on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Royal Bank Of Canada reduced their price target on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research report on Friday, May 29th. Wall Street Zen downgraded shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Truist Financial set a $50.00 price target on shares of Smurfit Westrock in a research report on Friday, May 1st.

Smurfit Westrock Stock Performance

NYSE:SW opened at $42.19 on Friday. The company has a fifty day moving average of $40.22 and a 200-day moving average of $40.66. The firm has a market capitalization of $22.13 billion, a P/E ratio of 58.60 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Smurfit Westrock has a twelve month low of $32.73 and a twelve month high of $52.65.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Smurfit Westrock will post 2.32 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a $0.4523 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 4.3%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 251.39%.

Institutional Trading of Smurfit Westrock

Several hedge funds have recently bought and sold shares of SW. AQR Capital Management LLC boosted its holdings in Smurfit Westrock by 90.5% during the 1st quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock worth $593,000 after acquiring an additional 6,378 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Smurfit Westrock by 6.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock worth $248,000 after acquiring an additional 346 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Smurfit Westrock by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock worth $2,188,000 after acquiring an additional 2,698 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Smurfit Westrock by 192.3% during the 1st quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock worth $598,000 after acquiring an additional 8,726 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in Smurfit Westrock by 40.8% during the 1st quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock worth $1,882,000 after acquiring an additional 12,096 shares during the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

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.