Smurfit Westrock Ltd (NYSE:SW) Receives Average Rating of “Moderate Buy” from Brokerages

Smurfit Westrock Ltd (NYSE:SW) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $58.00.

Several research analysts have weighed in on SW shares. Morgan Stanley upped their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Jefferies Financial Group reiterated a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research report on Monday, July 29th. Citigroup began coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target for the company. Wells Fargo & Company decreased their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Finally, Redburn Atlantic began coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 target price on the stock.

Smurfit Westrock Stock Performance

Smurfit Westrock stock opened at $56.25 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. Smurfit Westrock has a one year low of $38.55 and a one year high of $56.99. The firm has a market capitalization of $29.26 billion, a P/E ratio of 312.52 and a beta of 1.04. The firm has a fifty day simple moving average of $48.91.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

Institutional Investors Weigh In On Smurfit Westrock

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Synovus Financial Corp acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at about $858,000. Tidal Investments LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $1,681,000. Wilmington Savings Fund Society FSB bought a new stake in Smurfit Westrock in the 3rd quarter valued at about $134,000. McIlrath & Eck LLC acquired a new position in Smurfit Westrock during the 3rd quarter valued at about $100,000. Finally, TD Private Client Wealth LLC bought a new position in Smurfit Westrock in the 3rd quarter worth approximately $365,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

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.