Smurfit Westrock (NYSE:SW) Price Target Raised to $53.00 at Morgan Stanley

Smurfit Westrock (NYSE:SW - Free Report) had its price target upped by Morgan Stanley from $51.00 to $53.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other equities analysts also recently weighed in on the stock. Barclays dropped their target price on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Royal Bank Of Canada lowered their price target on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company lowered their price target on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group upgraded shares of Smurfit Westrock from a "hold" rating to a "buy" rating and lifted their price target for the stock from $44.00 to $55.00 in a report on Monday, June 16th. Finally, Truist Financial lowered their price target on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.30.

Smurfit Westrock Stock Performance

Shares of SW stock traded up $0.29 during mid-day trading on Tuesday, hitting $47.13. The stock had a trading volume of 3,020,646 shares, compared to its average volume of 4,276,265. Smurfit Westrock has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The firm has a market cap of $24.60 billion, a PE ratio of 20.91 and a beta of 1.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 0.93. The company's 50-day simple moving average is $43.63 and its 200-day simple moving average is $47.07.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. Smurfit Westrock had a net margin of 1.98% and a return on equity of 7.38%. The firm had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. The business's revenue for the quarter was up 161.3% compared to the same quarter last year. Sell-side analysts anticipate that Smurfit Westrock will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th were issued a $0.4308 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 3.7%. Smurfit Westrock's dividend payout ratio (DPR) is presently 140.98%.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan bought 15,180 shares of Smurfit Westrock stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the acquisition, the director owned 54,893 shares of the company's stock, valued at $2,152,354.53. The trade was a 38.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Smurfit Westrock

Hedge funds and other institutional investors have recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Smurfit Westrock during the 4th quarter valued at $30,000. Zions Bancorporation National Association UT acquired a new position in Smurfit Westrock in the 1st quarter worth $29,000. IMA Advisory Services Inc. acquired a new position in Smurfit Westrock in the 1st quarter worth $30,000. Tsfg LLC acquired a new position in Smurfit Westrock in the 1st quarter worth $30,000. Finally, Versant Capital Management Inc lifted its holdings in Smurfit Westrock by 54.0% in the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company's stock worth $35,000 after buying an additional 273 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company's stock.

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.