Smurfit Westrock (NYSE:SW) Price Target Raised to $56.00

Smurfit Westrock (NYSE:SWGet Free Report) had its target price raised by stock analysts at Royal Bank Of Canada from $53.00 to $56.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 25.98% from the company’s current price.

Other analysts have also issued research reports about the stock. 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. JPMorgan Chase & Co. increased their target price on shares of Smurfit Westrock from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. 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. Citigroup lifted their price target on Smurfit Westrock from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group assumed coverage on Smurfit Westrock in a report on Tuesday, March 24th. They issued a “buy” rating and a $49.00 price target for the company. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.83.

View Our Latest Stock Analysis on SW

Smurfit Westrock Stock Performance

SW stock traded down $0.32 during trading on Friday, hitting $44.45. 1,027,442 shares of the company traded hands, compared to its average volume of 5,827,977. Smurfit Westrock has a 1 year low of $32.73 and a 1 year high of $52.65. The company has a market cap of $23.31 billion, a PE ratio of 61.72, a P/E/G ratio of 0.72 and a beta of 0.95. The stock’s 50-day simple moving average is $42.37 and its 200 day simple moving average is $42.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95.

Smurfit Westrock (NYSE:SWGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 EPS. On average, equities analysts expect that Smurfit Westrock will post 2.24 earnings per share for the current fiscal year.

Institutional Trading of Smurfit Westrock

Hedge funds have recently bought and sold shares of the business. Wahed Invest LLC lifted its stake in Smurfit Westrock by 1.6% in the 4th quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock worth $531,000 after purchasing an additional 221 shares in the last quarter. International Private Wealth Advisors LLC grew its position in shares of Smurfit Westrock by 3.5% in the fourth quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock valued at $277,000 after purchasing an additional 245 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Smurfit Westrock by 4.1% in the second quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock valued at $292,000 after purchasing an additional 264 shares during the last quarter. AXA S.A. increased its holdings in shares of Smurfit Westrock by 1.3% in the second quarter. AXA S.A. now owns 22,283 shares of the company’s stock valued at $962,000 after purchasing an additional 285 shares during the last quarter. Finally, Mariner LLC lifted its position in Smurfit Westrock by 0.9% during the third quarter. Mariner LLC now owns 31,906 shares of the company’s stock worth $1,358,000 after buying an additional 294 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Smurfit Westrock (NYSE:SW)

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