Smurfit Westrock (NYSE:SW) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Shares fell below the 200-day moving average of $43.57, touching $43.14 and last trading at about $43.20.
• Smurfit Westrock missed quarterly estimates, reporting EPS of $0.45 versus $0.60 expected and revenue of $8.16 billion versus $8.29 billion expected; revenue was up 2% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $55.15. The company also announced a quarterly dividend of $0.4523 per share, equivalent to a 4.2% yield.

Shares of Smurfit Westrock PLC (NYSE:SW - Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $43.57 and traded as low as $43.14. Smurfit Westrock shares last traded at $43.1980, with a volume of 2,817,864 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SW shares. JPMorgan Chase & Co. cut their target price on Smurfit Westrock from $69.00 to $57.00 and set an "overweight" rating on the stock in a research report on Thursday, October 29th. Wells Fargo & Company upped their price objective on shares of Smurfit Westrock from $52.00 to $55.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Barclays reduced their price target on Smurfit Westrock from $56.00 to $55.00 and set an "overweight" rating for the company in a report on Tuesday, November 3rd. Wall Street Zen raised shares of Smurfit Westrock from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Weiss Ratings downgraded Smurfit Westrock from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Smurfit Westrock has an average rating of "Moderate Buy" and an average target price of $55.15.

Smurfit Westrock Stock Down 1.9%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The firm has a fifty day simple moving average of $43.30 and a 200 day simple moving average of $43.57. The company has a market cap of $22.66 billion, a PE ratio of 48.54, a PEG ratio of 1.79 and a beta of 1.01.

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

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be given a dividend of $0.4523 per share. This represents a $1.81 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, November 13th. Smurfit Westrock's dividend payout ratio is 203.37%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Provenance Wealth Advisors LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at approximately $37,000. Axiom Investment Management LLC bought a new stake in shares of Smurfit Westrock in the 1st quarter worth approximately $62,000. Bessemer Group Inc. boosted its holdings in shares of Smurfit Westrock by 93.1% during the first 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 during the period. Parallel Advisors LLC boosted its stake in Smurfit Westrock by 140.7% during the 3rd quarter. Parallel Advisors LLC now owns 3,079 shares of the company's stock valued at $136,000 after purchasing an additional 1,800 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in Smurfit Westrock in the 2nd quarter worth approximately $153,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

About Smurfit Westrock

Smurfit Westrock is a global paper-based packaging company formed in 2024 through the combination of Smurfit Kappa Group and WestRock. Headquartered in Dublin, Ireland, the company serves customers across a range of industries and markets worldwide. Its business includes producing paper and packaging materials, as well as designing and manufacturing packaging for consumer and commercial uses. Products include corrugated packaging, consumer packaging, containerboard, paper sacks and bag-in-box packaging.

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