Smurfit Westrock (NYSE:SW) Stock Gets Price Target Cut from Citigroup

Key Points

• Citigroup cut Smurfit Westrock’s price target from $54 to $50 but maintained a “buy” rating, implying approximately 15.1% upside from the stock’s $43.44 price.
• Analyst sentiment remains favorable, with 11 buy ratings and two hold ratings; MarketBeat reports a consensus “Moderate Buy” rating and an average target price of $55.23.
• Smurfit Westrock’s latest quarterly results fell short of expectations, with EPS of $0.45 versus the $0.60 consensus and revenue of $8.16 billion versus estimates of $8.29 billion.

Smurfit Westrock (NYSE:SW - Get Free Report) had its target price dropped by equities research analysts at Citigroup from $54.00 to $50.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. Citigroup's price target would suggest a potential upside of 15.10% from the stock's current price.

SW has been the subject of several other reports. Truist Financial cut their price objective on shares of Smurfit Westrock from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Thursday. Wall Street Zen upgraded Smurfit Westrock from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings raised Smurfit Westrock from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 23rd. Morgan Stanley lifted their price target on Smurfit Westrock from $57.00 to $58.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. reduced their price target on Smurfit Westrock from $69.00 to $57.00 and set an "overweight" rating for the company in a research note on Thursday. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Smurfit Westrock currently has an average rating of "Moderate Buy" and an average target price of $55.23.

Smurfit Westrock Stock Performance

Shares of NYSE:SW traded up $0.35 on Monday, hitting $43.44. The company had a trading volume of 1,541,098 shares, compared to its average volume of 5,434,313. Smurfit Westrock has a 1-year low of $32.73 and a 1-year high of $52.65. The stock has a market cap of $22.79 billion, a price-to-earnings ratio of 48.79, a P/E/G ratio of 1.75 and a beta of 1.01. The stock has a 50 day moving average price of $44.02 and a 200 day moving average price of $43.50. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.15). Smurfit Westrock had a return on equity of 4.27% and a net margin of 1.50%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the prior year, the business posted $0.58 EPS. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Analysts expect that Smurfit Westrock will post 1.71 EPS for the current year.

Institutional Trading of Smurfit Westrock

Large investors have recently bought and sold shares of the business. Trinity Street Asset Management LLP acquired a new position in Smurfit Westrock during the 2nd quarter worth approximately $243,400,000. Bank of America Corp DE boosted its position in Smurfit Westrock by 6.2% in the first quarter. Bank of America Corp DE now owns 5,460,163 shares of the company's stock valued at $217,587,000 after buying an additional 318,336 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Smurfit Westrock by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,848,130 shares of the company's stock valued at $193,141,000 after buying an additional 160,510 shares in the last quarter. Artemis Investment Management LLP boosted its position in Smurfit Westrock by 719.6% in the third quarter. Artemis Investment Management LLP now owns 3,214,979 shares of the company's stock valued at $141,781,000 after buying an additional 2,822,720 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. bought a new stake in shares of Smurfit Westrock during the second quarter worth $120,660,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Smurfit Westrock Company Profile

Smurfit Westrock plc NYSE: SW is a global provider of sustainable paper and packaging solutions. The company produces containerboard, corrugated packaging, folding cartons, paper bags, displays and other packaging products designed for consumer, retail, industrial and e-commerce applications. It also provides packaging design, supply-chain support and recycling services.

Smurfit Westrock was formed in July 2024 through the combination of Smurfit Kappa Group and WestRock. The transaction brought together two established packaging businesses with roots in Europe and North America.

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