JPMorgan Chase & Co. Issues Positive Forecast for Smurfit Westrock (NYSE:SW) Stock Price

Key Points

• JPMorgan Chase & Co. has raised its price target for Smurfit Westrock's stock from $60.00 to $61.00, indicating a potential upside of 45.46% from the stock's previous close.
• Multiple analysts have shown positive sentiment towards the stock, with a consensus rating of "Moderate Buy" and a target price set at $57.20.
• Smurfit Westrock reported earnings of $0.45 EPS, missing expectations, but demonstrated significant year-over-year revenue growth of 167.4%.

Smurfit Westrock (NYSE:SW - Get Free Report) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $60.00 to $61.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 45.46% from the stock's previous close.

SW has been the topic of several other research reports. Jefferies Financial Group upgraded shares of Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their price target for the company from $44.00 to $55.00 in a research report on Monday, June 16th. UBS Group began coverage on shares of Smurfit Westrock in a report on Monday, September 15th. They set a "buy" rating and a $60.00 price target on the stock. Barclays cut their price target on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Smurfit Westrock in a report on Saturday, September 27th. Finally, Truist Financial increased their price target on shares of Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a report on Friday, July 11th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Smurfit Westrock has a consensus rating of "Moderate Buy" and a consensus target price of $57.20.

Smurfit Westrock Stock Up 0.1%

Shares of NYSE:SW opened at $41.94 on Monday. Smurfit Westrock has a 52-week low of $37.01 and a 52-week high of $56.99. The firm has a fifty day moving average of $44.57 and a 200 day moving average of $44.03. The firm has a market capitalization of $21.90 billion, a PE ratio of 63.54 and a beta of 1.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.45.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.12). The company had revenue of $7.94 billion during the quarter, compared to analysts' expectations of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The company's revenue was up 167.4% compared to the same quarter last year. As a group, research analysts anticipate that Smurfit Westrock will post 3.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Smurfit Westrock by 18.5% in the third quarter. GAMMA Investing LLC now owns 6,405 shares of the company's stock worth $273,000 after acquiring an additional 1,001 shares during the period. Park National Corp OH bought a new position in Smurfit Westrock in the third quarter worth approximately $208,000. Valeo Financial Advisors LLC raised its position in Smurfit Westrock by 10.0% in the second quarter. Valeo Financial Advisors LLC now owns 11,504 shares of the company's stock worth $496,000 after acquiring an additional 1,047 shares during the period. Osaic Holdings Inc. raised its position in Smurfit Westrock by 125.8% in the second quarter. Osaic Holdings Inc. now owns 32,261 shares of the company's stock worth $1,393,000 after acquiring an additional 17,975 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Smurfit Westrock during the 2nd quarter valued at $224,000. 83.38% of the stock is currently owned by institutional investors.

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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