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

Smurfit Westrock (NYSE:SW - Get Free Report) had its price target 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 firm presently has a "buy" rating on the stock. Truist Financial's target price points to a potential upside of 16.27% from the company's current price.

A number of other equities research analysts have also recently issued reports on SW. Wells Fargo & Company boosted their price objective on Smurfit Westrock from $43.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday. Royal Bank Of Canada reduced their price objective on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Barclays reduced their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Morgan Stanley boosted their price target on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group upgraded Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their price target for the company from $44.00 to $55.00 in a research note on Monday, June 16th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.90.

Smurfit Westrock Stock Performance

NYSE SW traded down $0.76 during trading on Friday, reaching $46.44. 1,509,947 shares of the company's stock were exchanged, compared to its average volume of 4,003,028. The business has a 50 day moving average price of $44.10 and a 200-day moving average price of $46.88. The stock has a market capitalization of $24.24 billion, a P/E ratio of 38.07 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. Smurfit Westrock has a fifty-two week low of $37.01 and a fifty-two week high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The business's revenue for the quarter was up 161.3% on a year-over-year basis. Sell-side analysts forecast that Smurfit Westrock will post 3.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Irial Finan purchased 15,180 shares of the stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SW. Bank Pictet & Cie Europe AG increased its holdings in shares of Smurfit Westrock by 40.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 42,104 shares of the company's stock worth $2,268,000 after buying an additional 12,166 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Smurfit Westrock by 16.6% during the fourth quarter. Assetmark Inc. now owns 1,390 shares of the company's stock worth $75,000 after buying an additional 198 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Smurfit Westrock during the fourth quarter worth $1,395,000. PNC Financial Services Group Inc. increased its holdings in shares of Smurfit Westrock by 13.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 48,800 shares of the company's stock worth $2,628,000 after buying an additional 5,629 shares in the last quarter. Finally, Independent Advisor Alliance increased its holdings in Smurfit Westrock by 5.4% in the fourth quarter. Independent Advisor Alliance now owns 6,421 shares of the company's stock valued at $346,000 after purchasing an additional 330 shares during the period. 83.38% of the stock is currently owned by institutional investors and hedge funds.

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.