Smurfit Westrock (NYSE:SW) Given New $69.00 Price Target at JPMorgan Chase & Co.

Smurfit Westrock (NYSE:SW) had its target price raised by research analysts at JPMorgan Chase & Co. from $68.00 to $69.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 48.14% from the company’s previous close.

SW has been the topic of a number of other research reports. Weiss Ratings raised shares of Smurfit Westrock from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 24th. Royal Bank Of Canada raised their price target on shares of Smurfit Westrock from $56.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Loop Capital set a $71.00 price objective on Smurfit Westrock in a research note on Tuesday, July 28th. Truist Financial lifted their target price on Smurfit Westrock from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Wells Fargo & Company raised their price objective on Smurfit Westrock from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.54.

Smurfit Westrock Stock Up 2.6%

Shares of SW opened at $46.58 on Wednesday. The stock’s 50-day moving average price is $46.61 and its two-hundred day moving average price is $43.26. Smurfit Westrock has a 12 month low of $32.73 and a 12 month high of $52.65. The company has a market capitalization of $24.43 billion, a PE ratio of 49.55, a PEG ratio of 1.45 and a beta of 0.95. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.93 billion. Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%.Smurfit Westrock’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. On average, analysts anticipate that Smurfit Westrock will post 1.98 EPS for the current year.

Institutional Trading of Smurfit Westrock

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Smurfit Westrock during the 4th quarter worth about $495,335,000. Capital Research Global Investors grew its holdings in Smurfit Westrock by 31.2% during the 4th quarter. Capital Research Global Investors now owns 36,127,677 shares of the company’s stock valued at $1,397,057,000 after buying an additional 8,596,558 shares in the last quarter. Trinity Street Asset Management LLP bought a new stake in shares of Smurfit Westrock during the second quarter valued at about $243,400,000. Maple Rock Capital Partners Inc. bought a new stake in shares of Smurfit Westrock during the second quarter valued at about $120,660,000. Finally, Deutsche Bank AG lifted its holdings in shares of Smurfit Westrock by 28.8% in the fourth quarter. Deutsche Bank AG now owns 7,253,010 shares of the company’s stock worth $280,474,000 after buying an additional 1,622,799 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Company Profile

Smurfit Westrock plc (NYSE:SW) is a global provider of paper and corrugated packaging solutions. The company designs and manufactures products such as corrugated shipping containers, consumer packaging, folding cartons, paper bags, displays and other fiber-based packaging used across a range of industries.

The company also produces containerboard and other paper products that support its packaging operations, along with recycling and packaging-related services. Its customers include businesses in the food and beverage, consumer products, industrial, e-commerce and retail sectors.