Smurfit Westrock PLC (NYSE:SW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Smurfit Westrock PLC (NYSE:SW) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $58.00.

Several equities analysts have commented on SW shares. Barclays lowered their price objective on Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. Wells Fargo & Company raised their price target on Smurfit Westrock from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Morgan Stanley raised their price target on Smurfit Westrock from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Truist Financial raised their price target on Smurfit Westrock from $50.00 to $54.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, Jefferies Financial Group upgraded Smurfit Westrock from a “hold” rating to a “buy” rating and raised their price target for the company from $44.00 to $55.00 in a report on Monday, June 16th.

Institutional Investors Weigh In On Smurfit Westrock

Large investors have recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new stake in shares of Smurfit Westrock during the 1st quarter valued at about $29,000. IMA Advisory Services Inc. bought a new stake in shares of Smurfit Westrock during the 1st quarter valued at about $30,000. Tsfg LLC bought a new stake in shares of Smurfit Westrock during the 1st quarter valued at about $30,000. CYBER HORNET ETFs LLC bought a new stake in shares of Smurfit Westrock during the 2nd quarter valued at about $29,000. Finally, Versant Capital Management Inc grew its stake in shares of Smurfit Westrock by 54.0% during the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company’s stock valued at $35,000 after purchasing an additional 273 shares during the period. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Performance

NYSE:SW opened at $43.84 on Monday. The business has a 50 day moving average price of $45.35 and a 200-day moving average price of $44.17. Smurfit Westrock has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The firm has a market cap of $22.89 billion, a PE ratio of 66.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The business had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.88 billion. The firm’s revenue for the quarter was up 167.4% compared to the same quarter last year. Equities research analysts predict that Smurfit Westrock will post 3.25 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 15th were issued a $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, August 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 260.61%.

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.