Smurfit Westrock (NYSE:SW) Price Target Raised to $55.00

Smurfit Westrock (NYSE:SW) had its price objective upped by research analysts at Truist Financial from $50.00 to $55.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 28.00% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Smurfit Westrock from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Citigroup raised their target price on shares of Smurfit Westrock from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Wall Street Zen downgraded shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Barclays dropped their price target on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada decreased their price objective on shares of Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.58.

Smurfit Westrock Stock Performance

SW opened at $42.97 on Wednesday. The business’s 50 day moving average is $42.27 and its 200-day moving average is $42.30. The stock has a market cap of $22.54 billion, a PE ratio of 59.68, a price-to-earnings-growth ratio of 0.88 and a beta of 0.95. The company has a current ratio of 1.44, a quick ratio of 0.95 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 issued its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The business had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. During the same period last year, the company earned $0.74 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. On average, analysts predict that Smurfit Westrock will post 2.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SW. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Smurfit Westrock during the 4th quarter valued at $28,000. DV Equities LLC bought a new stake in shares of Smurfit Westrock during the 4th quarter worth $28,000. CYBER HORNET ETFs LLC acquired a new position in shares of Smurfit Westrock in the 2nd quarter worth $29,000. Root Financial Partners LLC grew its holdings in shares of Smurfit Westrock by 187.6% in the 1st quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock worth $31,000 after acquiring an additional 501 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Smurfit Westrock during the fourth quarter worth $31,000. Institutional investors 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.