Analysts Set Smurfit Westrock Ltd (NYSE:SW) Target Price at $60.70

Shares of Smurfit Westrock Ltd (NYSE:SW) have been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $60.70.

Several equities research analysts have issued reports on SW shares. Royal Bank of Canada restated an “outperform” rating and set a $58.00 target price on shares of Smurfit Westrock in a research report on Friday, November 15th. Barclays raised their target price on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Argus started coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target on the stock. Citigroup boosted their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Morgan Stanley increased their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the transaction, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Smurfit Westrock

Several institutional investors and hedge funds have recently made changes to their positions in SW. Mather Group LLC. purchased a new stake in Smurfit Westrock during the third quarter valued at about $25,000. Retirement Wealth Solutions LLC bought a new position in Smurfit Westrock during the 4th quarter worth approximately $25,000. CVA Family Office LLC purchased a new position in Smurfit Westrock in the 3rd quarter worth approximately $26,000. Versant Capital Management Inc bought a new stake in Smurfit Westrock in the fourth quarter valued at approximately $27,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after purchasing an additional 279 shares during the period. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Down 1.9 %

Shares of NYSE SW opened at $53.63 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The stock has a market capitalization of $27.92 billion, a PE ratio of 297.98 and a beta of 1.02. Smurfit Westrock has a one year low of $38.55 and a one year high of $56.99. The business’s fifty day moving average price is $53.54 and its 200-day moving average price is $49.66.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a positive return on equity of 5.98% and a negative net margin of 0.12%. On average, equities research analysts anticipate that Smurfit Westrock will post 2.65 EPS for the current year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be given a $0.4308 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a yield of 3.21%. Smurfit Westrock’s payout ratio is 672.26%.

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.