Smurfit Westrock (NYSE:SW) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Smurfit Westrock has been rated "hold (c)" by Weiss Ratings, while multiple analysts like Truist Financial have upgraded their price targets and ratings for the stock, indicating positive sentiment.
• The company's shares rose 5.3% to $43.37, with a market capitalization of $22.64 billion, and it currently has a consensus rating of "Buy" with an average price target of $57.80.
• Smurfit Westrock reported earnings of $0.45 per share, missing analysts’ expectations, but its revenue reached $7.94 billion, marking a significant increase of 167.4% year-over-year.

Smurfit Westrock (NYSE:SW - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also commented on the company. Truist Financial increased their price target on Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Seaport Res Ptn raised Smurfit Westrock from a "hold" rating to a "strong-buy" rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on Smurfit Westrock from $60.00 to $61.00 and gave the company an "overweight" rating in a research report on Monday. Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and raised their target price for the company from $44.00 to $55.00 in a research report on Monday, June 16th. Finally, Wells Fargo & Company set a $52.00 target price on Smurfit Westrock and gave the company an "overweight" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Smurfit Westrock currently has a consensus rating of "Buy" and an average price target of $57.80.

Smurfit Westrock Trading Up 5.3%

Shares of Smurfit Westrock stock traded up $2.19 on Wednesday, reaching $43.37. 6,476,142 shares of the company's stock were exchanged, compared to its average volume of 4,653,413. The company has a market capitalization of $22.64 billion, a P/E ratio of 65.71 and a beta of 1.09. Smurfit Westrock has a 52 week low of $37.01 and a 52 week high of $56.99. The firm's 50-day moving average is $44.18 and its two-hundred day moving average is $43.98. 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 issued its earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.88 billion. The firm's revenue for the quarter was up 167.4% compared to the same quarter last year. Sell-side analysts predict that Smurfit Westrock will post 3.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Smurfit Westrock

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT purchased a new stake in shares of Smurfit Westrock in the first quarter worth approximately $29,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Smurfit Westrock in the second quarter worth approximately $29,000. Tsfg LLC purchased a new stake in shares of Smurfit Westrock in the first quarter worth approximately $30,000. IMA Advisory Services Inc. purchased a new stake in shares of Smurfit Westrock in the first quarter worth approximately $30,000. Finally, Rexford Capital Inc. purchased a new stake in shares of Smurfit Westrock in the second quarter worth approximately $35,000. 83.38% of the stock is currently owned by hedge funds and other 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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