Smurfit Westrock (NYSE:SW) Price Target Lowered to $47.00 at Barclays

Smurfit Westrock (NYSE:SW) had its target price trimmed by Barclays from $63.00 to $47.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also recently issued reports on SW. JPMorgan Chase & Co. upped their price objective on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Royal Bank Of Canada lowered their price target on shares of Smurfit Westrock from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. UBS Group started coverage on shares of Smurfit Westrock in a research report on Monday, September 15th. They set a “buy” rating and a $60.00 price target for the company. Seaport Res Ptn upgraded Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $52.00 target price on shares of Smurfit Westrock in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $55.30.

Smurfit Westrock Stock Performance

Shares of NYSE SW opened at $35.50 on Monday. The stock’s 50-day moving average is $42.10 and its 200 day moving average is $43.61. The stock has a market cap of $18.54 billion, a price-to-earnings ratio of 24.83 and a beta of 1.11. Smurfit Westrock has a 1-year low of $35.00 and a 1-year high of $56.99. The company has a current ratio of 1.48, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.10). Smurfit Westrock had a return on equity of 6.21% and a net margin of 2.40%.The firm had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.89 billion. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Smurfit Westrock will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be issued a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, November 14th. Smurfit Westrock’s dividend payout ratio (DPR) is 120.28%.

Institutional Trading of Smurfit Westrock

A number of institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in Smurfit Westrock by 73.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 8,354 shares of the company’s stock valued at $376,000 after purchasing an additional 3,530 shares during the period. Allworth Financial LP grew its position in shares of Smurfit Westrock by 35.6% in the 1st quarter. Allworth Financial LP now owns 2,205 shares of the company’s stock worth $94,000 after buying an additional 579 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Smurfit Westrock by 6.9% during the first quarter. Cerity Partners LLC now owns 28,519 shares of the company’s stock valued at $1,285,000 after buying an additional 1,845 shares during the period. New York State Common Retirement Fund increased its stake in shares of Smurfit Westrock by 18.6% during the first quarter. New York State Common Retirement Fund now owns 486,278 shares of the company’s stock valued at $21,912,000 after buying an additional 76,334 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Smurfit Westrock during the first quarter valued at approximately $16,233,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Smurfit Westrock Company Profile

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.