Truist Financial Increases Smurfit Westrock (NYSE:SW) Price Target to $54.00

Smurfit Westrock (NYSE:SW - Get Free Report) had its target price boosted by investment analysts at Truist Financial from $50.00 to $54.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 14.43% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Morgan Stanley increased their price objective on shares of Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday. Jefferies Financial Group upgraded shares of Smurfit Westrock from a "hold" rating to a "buy" rating and increased their price objective for the company from $44.00 to $55.00 in a research note on Monday, June 16th. Wells Fargo & Company raised their target price on shares of Smurfit Westrock from $43.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday. Barclays lowered their target price on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Finally, Royal Bank Of Canada lowered their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $57.90.

Smurfit Westrock Price Performance

SW stock traded down $0.83 during mid-day trading on Friday, hitting $47.19. The company had a trading volume of 1,852,615 shares, compared to its average volume of 4,162,832. The company has a market capitalization of $24.63 billion, a price-to-earnings ratio of 38.68 and a beta of 1.02. Smurfit Westrock has a 12-month low of $37.01 and a 12-month high of $56.99. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $43.98 and a 200 day moving average price of $47.03.

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

Insider Activity at Smurfit Westrock

In related news, Director Irial Finan acquired 15,180 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the purchase, the director owned 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This represents a 38.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company's stock.

Institutional Inflows and Outflows

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