Brokerages Set Smurfit Westrock PLC (NYSE:SW) Target Price at $58.00

Key Points

• Smurfit Westrock PLC has received an average recommendation of "Moderate Buy" from analysts, with one hold and nine buy ratings.
• The company recently declared a quarterly dividend of $0.4308, resulting in an annualized dividend yield of 3.9%.
• Smurfit Westrock’s last earnings report showed a revenue of $7.94 billion for the quarter, exceeding analyst expectations despite an EPS miss.

Shares of Smurfit Westrock PLC (NYSE:SW - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $58.00.

SW has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of Smurfit Westrock from a "hold" rating to a "buy" rating and upped their price target for the company from $44.00 to $55.00 in a report on Monday, June 16th. Truist Financial boosted their price objective on shares of Smurfit Westrock from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company upped their price objective on Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Morgan Stanley upped their target price on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Barclays cut their target price on shares of Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Monday, June 30th.

Institutional Investors Weigh In On Smurfit Westrock

Several large investors have recently made changes to their positions in SW. NBC Securities Inc. increased its stake in shares of Smurfit Westrock by 127,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,277 shares of the company's stock valued at $57,000 after buying an additional 1,276 shares during the period. Czech National Bank raised its holdings in shares of Smurfit Westrock by 6.7% in the 2nd quarter. Czech National Bank now owns 121,218 shares of the company's stock worth $5,231,000 after purchasing an additional 7,657 shares during the period. QRG Capital Management Inc. lifted its position in Smurfit Westrock by 106.3% in 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 during the last quarter. Foresight Group Ltd Liability Partnership bought a new stake in Smurfit Westrock during the first quarter worth about $26,028,000. Finally, State of Alaska Department of Revenue increased its stake in shares of Smurfit Westrock by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 57,939 shares of the company's stock worth $2,610,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors own 83.38% of the company's stock.

Smurfit Westrock Stock Down 1.0%

Shares of NYSE SW traded down $0.43 during mid-day trading on Monday, reaching $43.39. 4,016,824 shares of the company were exchanged, compared to its average volume of 4,202,425. The firm has a 50-day moving average of $45.29 and a 200 day moving average of $44.15. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 21.91 and a beta of 1.04. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. Smurfit Westrock has a 1 year low of $37.01 and a 1 year high of $56.99.

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 the consensus estimate of $0.57 by ($0.12). Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The company had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.88 billion. The business's quarterly revenue was up 167.4% on a year-over-year basis. On average, research analysts expect that Smurfit Westrock will post 3.25 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 15th were given a $0.4308 dividend. This represents a $1.72 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, August 15th. Smurfit Westrock's dividend payout ratio is presently 260.61%.

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.