Weiss Ratings Reaffirms "Hold (C)" Rating for Smurfit Westrock (NYSE:SW)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for Smurfit Westrock (NYSE:SW) in a recent research note, indicating a neutral outlook for the stock.
• Multiple analysts have issued recommendations for Smurfit Westrock, with a majority providing "overweight" ratings and a consensus target price of $57.90.
• Despite a revenue increase of 167.4% year-over-year, Smurfit Westrock reported earnings per share of $0.45, missing the consensus estimate by $0.12.

Smurfit Westrock (NYSE:SW - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Several other equities analysts have also recently weighed in on SW. JPMorgan Chase & Co. raised their price objective on Smurfit Westrock from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Barclays dropped their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Morgan Stanley raised their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company set a $52.00 target price on Smurfit Westrock and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Finally, UBS Group assumed coverage on Smurfit Westrock in a research report on Monday, September 15th. They set a "buy" rating and a $60.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Smurfit Westrock has a consensus rating of "Buy" and a consensus target price of $57.90.

Smurfit Westrock Stock Performance

NYSE SW opened at $43.05 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $43.76 and a 200 day simple moving average of $43.84. Smurfit Westrock has a 12-month low of $37.01 and a 12-month high of $56.99. The company has a market cap of $22.48 billion, a P/E ratio of 65.23 and a beta of 1.09.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings data 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 net margin of 1.14% and a return on equity of 5.90%. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.88 billion. The business's revenue was up 167.4% on a year-over-year basis. Sell-side analysts predict that Smurfit Westrock will post 3.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Smurfit Westrock

Large investors have recently added to or reduced their stakes in the company. Czech National Bank increased its holdings in 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 acquiring an additional 7,657 shares during the last quarter. Centennial Wealth Advisory LLC purchased a new stake in Smurfit Westrock in the 2nd quarter worth about $481,000. Foresight Group Ltd Liability Partnership bought a new position in Smurfit Westrock in the 1st quarter worth about $26,028,000. Great Lakes Advisors LLC bought a new position in Smurfit Westrock in the 1st quarter worth about $13,119,000. Finally, Perpetual Ltd bought a new position in Smurfit Westrock in the 2nd quarter worth about $425,000. 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.

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