Barclays Has Lowered Expectations for Smurfit Westrock (NYSE:SW) Stock Price

Smurfit Westrock (NYSE:SW - Get Free Report) had its price target cut by stock analysts at Barclays from $68.00 to $64.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective points to a potential upside of 39.40% from the stock's previous close.

SW has been the subject of several other research reports. Royal Bank of Canada cut their price target on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Truist Financial dropped their price objective on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley dropped their price target on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company lowered their target price on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $58.20.

Smurfit Westrock Stock Up 2.0%

Shares of Smurfit Westrock stock traded up $0.91 on Tuesday, hitting $45.91. The company had a trading volume of 872,051 shares, compared to its average volume of 4,661,000. Smurfit Westrock has a 1 year low of $37.01 and a 1 year high of $56.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. The stock has a 50 day moving average of $42.78 and a 200-day moving average of $49.54. The stock has a market capitalization of $23.96 billion, a price-to-earnings ratio of 83.47 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. The business's revenue was up 161.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Smurfit Westrock will post 3.25 earnings per share for the current year.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Alvaro Henao sold 4,000 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $53.90, for a total transaction of $215,600.00. Following the completion of the sale, the insider now directly owns 44,361 shares in the company, valued at approximately $2,391,057.90. This trade represents a 8.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ken Bowles sold 24,225 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the sale, the insider now directly owns 111,458 shares of the company's stock, valued at $6,136,877.48. This trade represents a 17.85% decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Smurfit Westrock

Several large investors have recently bought and sold shares of SW. Covestor Ltd grew its position in Smurfit Westrock by 8.9% during the fourth quarter. Covestor Ltd now owns 2,308 shares of the company's stock valued at $124,000 after buying an additional 188 shares during the period. Bessemer Group Inc. raised its position in Smurfit Westrock by 3.0% in the fourth quarter. Bessemer Group Inc. now owns 6,771 shares of the company's stock worth $364,000 after acquiring an additional 197 shares during the period. Assetmark Inc. boosted its stake in shares of Smurfit Westrock by 16.6% during the 4th quarter. Assetmark Inc. now owns 1,390 shares of the company's stock worth $75,000 after acquiring an additional 198 shares during the last quarter. Stephens Inc. AR grew its position in shares of Smurfit Westrock by 3.7% during the 4th quarter. Stephens Inc. AR now owns 5,616 shares of the company's stock valued at $302,000 after acquiring an additional 199 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Smurfit Westrock by 1.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 15,866 shares of the company's stock worth $855,000 after purchasing an additional 225 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Company Profile

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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