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

Smurfit Westrock PLC (NYSE:SW) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $54.8333.

Several analysts recently weighed in on SW shares. Truist Financial upped their price objective on Smurfit Westrock from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. UBS Group dropped their target price on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Zacks Research upgraded Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings raised shares of Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Smurfit Westrock from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th.

Hedge Funds Weigh In On Smurfit Westrock

A number of hedge funds and other institutional investors have recently made changes to their positions in SW. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Smurfit Westrock during the fourth quarter worth $28,000. DV Equities LLC bought a new stake in Smurfit Westrock during the fourth quarter valued at $28,000. CYBER HORNET ETFs LLC bought a new stake in Smurfit Westrock during the second quarter valued at $29,000. Root Financial Partners LLC grew its holdings in Smurfit Westrock by 187.6% during the 1st quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock worth $31,000 after acquiring an additional 501 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Smurfit Westrock in the 4th quarter worth about $31,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Stock Down 1.9%

Shares of NYSE SW opened at $43.67 on Friday. The stock has a market capitalization of $22.90 billion, a P/E ratio of 60.66, a PEG ratio of 0.74 and a beta of 0.95. The stock’s fifty day moving average is $42.67 and its 200 day moving average is $42.55. Smurfit Westrock has a 52 week low of $32.73 and a 52 week high of $52.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. Sell-side analysts forecast that Smurfit Westrock will post 2.24 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s payout ratio is 251.39%.

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.