Analysts Set Smurfit Westrock PLC (NYSE:SW) Target Price at $51.60

Shares of Smurfit Westrock PLC (NYSE:SW) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $51.60.

A number of equities research analysts have weighed in on SW shares. Citigroup cut their price target on shares of Smurfit Westrock from $49.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Argus cut their target price on shares of Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Royal Bank Of Canada set a $51.00 price target on shares of Smurfit Westrock in a research report on Thursday, December 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of Smurfit Westrock in a report on Thursday, January 8th. Finally, Wells Fargo & Company reduced their price objective on Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, January 6th.

Hedge Funds Weigh In On Smurfit Westrock

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Smurfit Westrock during the second quarter valued at about $749,735,000. Orbis Allan Gray Ltd raised its holdings in shares of Smurfit Westrock by 81.9% during the second quarter. Orbis Allan Gray Ltd now owns 18,400,418 shares of the company’s stock valued at $793,978,000 after acquiring an additional 8,286,205 shares during the period. UBS Group AG lifted its position in shares of Smurfit Westrock by 272.0% in the 3rd quarter. UBS Group AG now owns 11,240,153 shares of the company’s stock valued at $478,493,000 after acquiring an additional 8,218,351 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Smurfit Westrock by 94.4% in the 3rd quarter. Franklin Resources Inc. now owns 11,353,140 shares of the company’s stock valued at $482,917,000 after acquiring an additional 5,511,887 shares in the last quarter. Finally, Ruffer LLP boosted its stake in Smurfit Westrock by 473.3% in the 4th quarter. Ruffer LLP now owns 4,504,151 shares of the company’s stock worth $174,447,000 after purchasing an additional 3,718,562 shares during the period. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Down 1.2%

Shares of SW stock opened at $41.60 on Friday. Smurfit Westrock has a 1 year low of $32.73 and a 1 year high of $55.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.48. The business’s fifty day moving average is $39.17 and its 200-day moving average is $41.34. The stock has a market cap of $21.72 billion, a PE ratio of 29.09 and a beta of 1.09.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.10). Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The firm had revenue of $8 billion during the quarter, compared to analyst estimates of $7.89 billion. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts expect that Smurfit Westrock will post 3.25 earnings per share for the current fiscal year.

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.