Analysts Set Smurfit Westrock PLC (NYSE:SW) Target Price at $57.62

Smurfit Westrock PLC (NYSE:SW) has received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $57.6154.

Several brokerages have issued reports on SW. Seaport Research Partners restated a “buy” rating and set a $54.00 target price on shares of Smurfit Westrock in a research report on Wednesday, August 12th. Weiss Ratings upgraded Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Truist Financial raised their price target on Smurfit Westrock from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded Smurfit Westrock from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Royal Bank Of Canada upped their price objective on Smurfit Westrock from $56.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th.

Smurfit Westrock Trading Down 2.8%

Shares of NYSE SW opened at $47.86 on Thursday. The stock has a market capitalization of $25.10 billion, a P/E ratio of 50.92, a PEG ratio of 0.90 and a beta of 0.96. Smurfit Westrock has a 1-year low of $32.73 and a 1-year high of $52.65. The business’s 50 day moving average is $45.69 and its two-hundred day moving average is $43.30. 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 (NYSE:SW) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.07). Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.93 billion. During the same quarter in the previous year, the company posted ($0.05) EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, research analysts expect that Smurfit Westrock will post 2.06 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, August 14th. Smurfit Westrock’s dividend payout ratio (DPR) is 192.55%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Smurfit Westrock during the fourth quarter worth approximately $28,000. DV Equities LLC purchased a new stake in shares of Smurfit Westrock in the fourth quarter valued at approximately $28,000. CYBER HORNET ETFs LLC bought a new position in Smurfit Westrock in the second quarter worth approximately $29,000. Root Financial Partners LLC grew 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 worth $31,000 after purchasing an additional 501 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Smurfit Westrock during the 4th quarter worth $31,000. 83.38% of the stock is currently owned by institutional investors.

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.