Smurfit Westrock PLC (NYSE:SW) Stock Has Consensus Target Price of $57.54

Smurfit Westrock PLC (NYSE:SW) has been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $57.31.

SW has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Smurfit Westrock in a research report on Tuesday, June 23rd. They set a “buy” rating and a $57.00 target price on the stock. Weiss Ratings raised Smurfit Westrock from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 24th. Loop Capital set a $71.00 price objective on Smurfit Westrock in a research report on Tuesday, July 28th. Truist Financial lifted their price objective on Smurfit Westrock from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Smurfit Westrock from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, September 23rd.

Institutional Investors Weigh In On Smurfit Westrock

Several institutional investors and hedge funds have recently bought and sold shares of the business. Capital Research Global Investors raised its stake in shares of Smurfit Westrock by 31.2% in the 4th quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock valued at $1,397,057,000 after buying an additional 8,596,558 shares in the last quarter. Trinity Street Asset Management LLP acquired a new stake in shares of Smurfit Westrock during the 2nd quarter valued at about $243,400,000. Maple Rock Capital Partners Inc. acquired a new stake in shares of Smurfit Westrock during the 2nd quarter valued at about $120,660,000. Deutsche Bank AG increased its stake in Smurfit Westrock by 28.8% in the fourth quarter. Deutsche Bank AG now owns 7,253,010 shares of the company’s stock valued at $280,474,000 after acquiring an additional 1,622,799 shares during the period. Finally, Sound Shore Management Inc. CT bought a new stake in Smurfit Westrock in the first quarter valued at about $60,139,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock opened at $42.58 on Friday. 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 has a fifty-two week low of $32.73 and a fifty-two week high of $52.65. The firm has a fifty day moving average price of $46.66 and a two-hundred day moving average price of $43.44. The company has a market cap of $22.33 billion, a PE ratio of 45.29, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data 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 company had revenue of $8.03 billion for 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%.The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS. Analysts expect that Smurfit Westrock will post 1.98 EPS for the current year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 14th were given a $0.4523 dividend. This represents a $1.81 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, August 14th. Smurfit Westrock’s dividend payout ratio (DPR) is 192.55%.

Smurfit Westrock Company Profile

Smurfit Westrock plc (NYSE:SW) is a global provider of paper-based packaging solutions. The company manufactures corrugated packaging, folding cartons, paper bags and sacks, beverage packaging, consumer packaging, point-of-sale displays, and other customized products designed to protect, transport, and present goods.

The company also operates paper mills, recycling facilities, and packaging-design and testing operations. Its products serve customers in industries including food and beverage, consumer goods, retail, industrial products, and e-commerce.