Smurfit Westrock (NYSE:SW) Price Target Cut to $54.00 by Analysts at Truist Financial

Key Points

• Truist Financial lowered Smurfit Westrock’s price target to $54 from $57 while maintaining a “buy” rating, implying approximately 31.44% upside from the prior close.
• Analyst sentiment remains positive: 11 analysts rate the stock Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $57.08.
• Smurfit Westrock reported quarterly EPS of $0.35, below the $0.42 consensus estimate, while revenue of $8.03 billion exceeded expectations and rose 1.1% year over year.

Smurfit Westrock (NYSE:SW - Get Free Report) had its target price reduced by stock analysts at Truist Financial from $57.00 to $54.00 in a research note issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 31.44% from the company's previous close.

Other research analysts have also issued reports about the stock. Loop Capital set a $71.00 price target on shares of Smurfit Westrock in a research note on Tuesday, July 28th. Citigroup dropped their target price on Smurfit Westrock from $57.00 to $54.00 and set a "buy" rating on the stock in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft started coverage on Smurfit Westrock in a research report on Tuesday, June 23rd. They issued a "buy" rating and a $57.00 price objective for the company. Royal Bank Of Canada lifted their price target on shares of Smurfit Westrock from $56.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Smurfit Westrock from $52.00 to $55.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $57.08.

Smurfit Westrock Price Performance

Shares of SW stock traded down $0.21 during trading hours on Monday, hitting $41.08. 1,248,655 shares of the company's stock were exchanged, compared to its average volume of 5,462,850. The business's 50 day simple moving average is $45.99 and its 200-day simple moving average is $43.57. 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 has a 12-month low of $32.73 and a 12-month high of $52.65. The company has a market capitalization of $21.55 billion, a PE ratio of 43.73, a PEG ratio of 1.32 and a beta of 0.96.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC increased its position in Smurfit Westrock by 187.6% during the first quarter. Root Financial Partners LLC now owns 768 shares of the company's stock worth $31,000 after buying an additional 501 shares during the last quarter. Axiom Investment Management LLC acquired a new position in shares of Smurfit Westrock in the 1st quarter worth approximately $62,000. Bessemer Group Inc. increased its position in Smurfit Westrock by 93.1% in the 1st quarter. Bessemer Group Inc. now owns 3,208 shares of the company's stock valued at $128,000 after acquiring an additional 1,547 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Smurfit Westrock in the 2nd quarter worth $153,000. Finally, Continuum Advisory LLC bought a new stake in shares of Smurfit Westrock during the second quarter worth $172,000. 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-based packaging solutions. The company manufactures corrugated packaging, folding cartons, paper bags and sacks, beverage packaging, consumer packaging, point-of-sale displays, and other customized products designed to protect, transport, and present goods.

The company also operates paper mills, recycling facilities, and packaging-design and testing operations. Its products serve customers in industries including food and beverage, consumer goods, retail, industrial products, and e-commerce.

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