UBS Group Begins Coverage on Smurfit Westrock (NYSE:SW)

Key Points

• UBS Group has initiated coverage on Smurfit Westrock (NYSE:SW) with a "buy" rating and a price target of $60.00, suggesting a potential upside of 35.44%.
• A total of nine analysts rated the stock as a buy, reflecting strong bullish sentiment in the market, with an average price target of $58.00.
• Despite reporting earnings per share (EPS) of $0.45, Smurfit Westrock missed consensus estimates by $0.12, though its quarterly revenue of $7.94 billion showed a significant year-over-year increase of 167.4%.

Analysts at UBS Group initiated coverage on shares of Smurfit Westrock (NYSE:SW - Get Free Report) in a research report issued to clients and investors on Monday,Benzinga reports. The firm set a "buy" rating and a $60.00 price target on the stock. UBS Group's price objective points to a potential upside of 35.44% from the stock's current price.

Other equities analysts have also issued reports about the company. Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and upped their target price for the company from $44.00 to $55.00 in a research report on Monday, June 16th. Morgan Stanley upped their target price on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Barclays cut their target price on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Wells Fargo & Company upped their target price on Smurfit Westrock from $45.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, Truist Financial boosted their price target on Smurfit Westrock from $50.00 to $54.00 and gave the company a "buy" rating in a report on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Smurfit Westrock presently has an average rating of "Moderate Buy" and an average price target of $58.00.

Smurfit Westrock Stock Performance

Shares of SW opened at $44.30 on Monday. The business's 50 day moving average is $45.66 and its two-hundred day moving average is $44.33. Smurfit Westrock has a 52-week low of $37.01 and a 52-week high of $56.99. The firm has a market cap of $23.13 billion, a price-to-earnings ratio of 67.12 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 (NYSE:SW - Get Free Report) last announced its earnings results 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 analyst estimates of $7.88 billion. The firm's revenue for the quarter was up 167.4% on a year-over-year basis. Analysts forecast that Smurfit Westrock will post 3.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. bought a new position in shares of Smurfit Westrock in the fourth quarter worth $30,000. Zions Bancorporation National Association UT acquired a new stake in shares of Smurfit Westrock in the first quarter valued at $29,000. IMA Advisory Services Inc. acquired a new stake in shares of Smurfit Westrock in the first quarter valued at $30,000. Tsfg LLC acquired a new stake in shares of Smurfit Westrock in the first quarter valued at $30,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Smurfit Westrock in the second quarter valued at $29,000. Institutional investors own 83.38% of the company's stock.

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.

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