Smurfit Westrock (NYSE:SW) Given New $58.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley raised Smurfit Westrock’s price target from $57 to $58 while maintaining an “overweight” rating, implying approximately 17.76% upside from the previous close.
• Analyst sentiment remains favorable: 11 analysts rate the stock “Buy” and two rate it “Hold,” producing a consensus “Moderate Buy” rating and an average price target of $57.69.
• Smurfit Westrock’s latest quarterly results were mixed, with revenue of $8.03 billion exceeding estimates but adjusted earnings per share of $0.35 falling short of the $0.42 consensus forecast.

Smurfit Westrock (NYSE:SW - Get Free Report) had its price target increased by stock analysts at Morgan Stanley from $57.00 to $58.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's price target would suggest a potential upside of 17.76% from the company's previous close.

Several other analysts have also recently commented on SW. Wells Fargo & Company raised their target price on Smurfit Westrock from $52.00 to $55.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on Smurfit Westrock from $65.00 to $71.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Smurfit Westrock in a report on Tuesday, June 23rd. They set a "buy" rating and a $57.00 price target on the stock. Seaport Research Partners restated a "buy" rating and set a $54.00 price objective on shares of Smurfit Westrock in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada upped their price objective on shares of Smurfit Westrock from $56.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.69.

Smurfit Westrock Stock Performance

Shares of NYSE SW opened at $49.25 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. The firm's 50-day moving average price is $46.55 and its two-hundred day moving average price is $43.62. The stock has a market capitalization of $25.83 billion, a P/E ratio of 52.13, a P/E/G ratio of 0.90 and a beta of 0.96. Smurfit Westrock has a 52-week low of $32.73 and a 52-week high of $52.65.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.07). The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.93 billion. Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) EPS. As a group, sell-side analysts forecast that Smurfit Westrock will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $28,000. DV Equities LLC acquired a new position in Smurfit Westrock in the fourth quarter worth approximately $28,000. CYBER HORNET ETFs LLC bought a new position in shares of Smurfit Westrock in the second quarter valued at $29,000. Root Financial Partners LLC increased its holdings in shares of Smurfit Westrock by 187.6% in the first quarter. Root Financial Partners LLC now owns 768 shares of the company's stock valued at $31,000 after buying an additional 501 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Smurfit Westrock during the 4th quarter valued at $31,000. 83.38% of the stock is owned by institutional investors and hedge funds.

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.

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