Brokerages Set Smurfit Westrock Ltd (NYSE:SW) Target Price at $58.20

Shares of Smurfit Westrock Ltd (NYSE:SW - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $58.20.

A number of analysts recently weighed in on the stock. Morgan Stanley cut 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 report on Tuesday, March 11th. Wells Fargo & Company cut 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. Truist Financial decreased 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. Royal Bank of Canada lowered their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Barclays reduced their target price on Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th.

Insider Transactions at Smurfit Westrock

In related news, Director Irial Finan purchased 15,180 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $39.21 per share, with a total value of $595,207.80. Following the transaction, the director now directly owns 54,893 shares of the company's stock, valued at $2,152,354.53. This trade represents a 38.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alvaro Henao sold 4,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the sale, the insider now directly owns 44,361 shares of the company's stock, valued at approximately $2,391,057.90. The trade was a 8.27% decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alpha Omega Wealth Management LLC acquired a new stake in Smurfit Westrock in the 4th quarter valued at about $5,252,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Smurfit Westrock by 29.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company's stock valued at $2,309,000 after buying an additional 9,581 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Smurfit Westrock in the third quarter valued at approximately $221,026,000. US Bancorp DE boosted its stake in shares of Smurfit Westrock by 10.0% during the 4th quarter. US Bancorp DE now owns 17,602 shares of the company's stock worth $948,000 after acquiring an additional 1,601 shares during the period. Finally, Wesbanco Bank Inc. acquired a new position in shares of Smurfit Westrock during the 4th quarter worth approximately $418,000. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Trading Down 1.6%

SW traded down $0.70 during trading on Tuesday, reaching $43.78. 2,015,661 shares of the company's stock were exchanged, compared to its average volume of 4,616,854. The company's fifty day moving average price is $42.95 and its 200-day moving average price is $49.24. The firm has a market capitalization of $22.85 billion, a PE ratio of 79.60 and a beta of 1.00. Smurfit Westrock has a fifty-two week low of $37.01 and a fifty-two week 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.

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, 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 business had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock's revenue for the quarter was up 161.3% on a year-over-year basis. As a group, equities analysts forecast that Smurfit Westrock will post 3.25 EPS for the current year.

Smurfit Westrock Dividend Announcement

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

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.