Smurfit Westrock (NYSE:SW) Price Target Raised to $69.00 at JPMorgan Chase & Co.

Smurfit Westrock (NYSE:SWGet Free Report) had its price target increased by equities researchers at JPMorgan Chase & Co. from $68.00 to $69.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 48.14% from the company’s previous close.

Several other equities research analysts have also recently commented on SW. Morgan Stanley boosted their price target on shares of Smurfit Westrock from $57.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Seaport Research Partners reissued a “buy” rating and set a $54.00 price target on shares of Smurfit Westrock in a research report on Wednesday, August 12th. Wall Street Zen raised Smurfit Westrock from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Truist Financial raised their target price on shares of Smurfit Westrock from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Barclays upped their price target on shares of Smurfit Westrock from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.54.

Read Our Latest Stock Analysis on Smurfit Westrock

Smurfit Westrock Stock Up 2.6%

Shares of Smurfit Westrock stock opened at $46.58 on Wednesday. The firm has a market cap of $24.43 billion, a PE ratio of 49.55, a P/E/G ratio of 1.45 and a beta of 0.95. The business’s 50 day simple moving average is $46.61 and its 200 day simple moving average is $43.26. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 1.45. Smurfit Westrock has a 52-week low of $32.73 and a 52-week high of $52.65.

Smurfit Westrock (NYSE:SWGet Free Report) last issued 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). The business 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%.Smurfit Westrock’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) earnings per share. On average, analysts predict that Smurfit Westrock will post 1.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Smurfit Westrock

Several institutional investors and hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB lifted its stake in Smurfit Westrock by 23.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 194,600 shares of the company’s stock valued at $9,002,000 after purchasing an additional 36,900 shares during the last quarter. Trinity Street Asset Management LLP acquired a new position in shares of Smurfit Westrock during the second quarter worth $243,400,000. Janus Henderson Group PLC lifted its stake in shares of Smurfit Westrock by 11.2% in the 1st quarter. Janus Henderson Group PLC now owns 212,511 shares of the company’s stock valued at $8,350,000 after acquiring an additional 21,388 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Smurfit Westrock during the 1st quarter valued at $44,056,000. Finally, Optiver Holding B.V. bought a new stake in Smurfit Westrock during the 1st quarter worth $1,074,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Smurfit Westrock Company Profile

(Get Free Report)

Smurfit Westrock plc (NYSE:SW) is a global provider of paper and corrugated packaging solutions. The company designs and manufactures products such as corrugated shipping containers, consumer packaging, folding cartons, paper bags, displays and other fiber-based packaging used across a range of industries.

The company also produces containerboard and other paper products that support its packaging operations, along with recycling and packaging-related services. Its customers include businesses in the food and beverage, consumer products, industrial, e-commerce and retail sectors.

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Analyst Recommendations for Smurfit Westrock (NYSE:SW)

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