Smurfit Westrock (NYSE:SW – Get Free Report) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $62.00 to $65.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 54.36% from the company’s previous close.
Several other research analysts also recently weighed in on the stock. Citigroup decreased their price target on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Smurfit Westrock in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 price objective for the company. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. The Goldman Sachs Group initiated coverage on Smurfit Westrock in a research report on Tuesday, March 24th. They set a “buy” rating and a $49.00 target price on the stock. Finally, UBS Group cut their price target on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.75.
Read Our Latest Stock Report on SW
Smurfit Westrock Trading Down 6.4%
Smurfit Westrock (NYSE:SW – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. Smurfit Westrock’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 EPS. Analysts expect that Smurfit Westrock will post 2.26 EPS for the current year.
Hedge Funds Weigh In On Smurfit Westrock
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Smurfit Westrock during the fourth quarter valued at $28,000. DV Equities LLC bought a new position in shares of Smurfit Westrock during the 4th quarter valued at about $28,000. CYBER HORNET ETFs LLC bought a new position in shares of Smurfit Westrock during the 2nd quarter valued at about $29,000. Root Financial Partners LLC boosted its holdings in shares of Smurfit Westrock by 187.6% during the 1st quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after purchasing an additional 501 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Smurfit Westrock during the fourth quarter valued at about $31,000. Institutional investors own 83.38% of the company’s stock.
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.
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