Smurfit Westrock (NYSE:SW) Price Target Raised to $55.00

Key Points

• Truist Financial has raised Smurfit Westrock's target price from $54.00 to $55.00, indicating a potential upside of 32.64% from its previous close.
• The stock currently holds an average rating of "Buy" , with one analyst rating it a Strong Buy, ten a Buy, and one a Hold.
• Smurfit Westrock's latest earnings report showed a revenue of $7.94 billion, a 167.4% increase from the same quarter last year, despite missing EPS estimates.

Smurfit Westrock (NYSE:SW - Get Free Report) had its target price lifted by equities researchers at Truist Financial from $54.00 to $55.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 32.64% from the stock's previous close.

Several other research firms have also recently commented on SW. Seaport Res Ptn raised shares of Smurfit Westrock from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Wells Fargo & Company set a $52.00 price target on Smurfit Westrock and gave the company an "overweight" rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Smurfit Westrock in a research report on Wednesday, October 8th. 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 report on Tuesday, July 8th. Finally, Jefferies Financial Group raised shares of Smurfit Westrock from a "hold" rating to a "buy" rating and increased their price target for the company from $44.00 to $55.00 in a report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Smurfit Westrock presently has an average rating of "Buy" and an average target price of $57.90.

Smurfit Westrock Trading Up 2.5%

Smurfit Westrock stock traded up $1.02 during mid-day trading on Monday, hitting $41.47. The stock had a trading volume of 357,878 shares, compared to its average volume of 3,870,684. The stock has a market capitalization of $21.65 billion, a PE ratio of 62.76 and a beta of 1.09. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. Smurfit Westrock has a 12 month low of $37.01 and a 12 month high of $56.99. The stock has a 50-day simple moving average of $44.08 and a two-hundred day simple moving average of $43.91.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.12). Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.88 billion. The firm's revenue was up 167.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Smurfit Westrock will post 3.25 EPS for the current year.

Institutional Trading of Smurfit Westrock

Institutional investors have recently added to or reduced their stakes in the stock. Czech National Bank boosted its position in Smurfit Westrock by 6.7% during the second quarter. Czech National Bank now owns 121,218 shares of the company's stock valued at $5,231,000 after acquiring an additional 7,657 shares during the last quarter. Centennial Wealth Advisory LLC bought a new position in shares of Smurfit Westrock during the 2nd quarter worth approximately $481,000. QRG Capital Management Inc. lifted its position in shares of Smurfit Westrock by 106.3% during the 1st quarter. QRG Capital Management Inc. now owns 11,709 shares of the company's stock worth $528,000 after buying an additional 6,032 shares in the last quarter. Foresight Group Ltd Liability Partnership bought a new position in shares of Smurfit Westrock during the 1st quarter worth approximately $26,028,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Smurfit Westrock by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 57,939 shares of the company's stock valued at $2,610,000 after purchasing an additional 1,600 shares during the period. 83.38% of the stock is currently owned by 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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