Smurfit Westrock (NYSE:SW) Price Target Cut to $50.00 by Analysts at Truist Financial

Smurfit Westrock (NYSE:SW) had its price objective trimmed by Truist Financial from $55.00 to $50.00 in a report published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also commented on SW. Morgan Stanley upped their price target on shares of Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Smurfit Westrock from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Wells Fargo & Company set a $52.00 price target on shares of Smurfit Westrock and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, UBS Group initiated coverage on shares of Smurfit Westrock in a research report on Monday, September 15th. They issued a “buy” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Smurfit Westrock presently has a consensus rating of “Buy” and a consensus price target of $57.00.

Smurfit Westrock Stock Down 4.7%

Smurfit Westrock stock opened at $36.06 on Thursday. The company has a 50-day simple moving average of $43.54 and a 200-day simple moving average of $43.84. The firm has a market capitalization of $18.83 billion, a P/E ratio of 25.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.48. Smurfit Westrock has a one year low of $35.87 and a one year high of $56.99.

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

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be given a $0.4308 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, November 14th. Smurfit Westrock’s dividend payout ratio is 260.61%.

Institutional Investors Weigh In On Smurfit Westrock

Institutional investors have recently added to or reduced their stakes in the company. Czech National Bank boosted its position in shares of Smurfit Westrock by 6.7% during the 2nd quarter. Czech National Bank now owns 121,218 shares of the company’s stock valued at $5,231,000 after purchasing an additional 7,657 shares in the last quarter. Centennial Wealth Advisory LLC bought a new position in shares of Smurfit Westrock during the 2nd quarter valued at about $481,000. Foresight Group Ltd Liability Partnership bought a new position in shares of Smurfit Westrock during the 1st quarter valued at about $26,028,000. Allspring Global Investments Holdings LLC boosted its position in shares of Smurfit Westrock by 5.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company’s stock valued at $1,063,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Smurfit Westrock during the 1st quarter valued at about $13,119,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

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.