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Smurfit Westrock (NYSE:SW) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Smurfit Westrock logo with Basic Materials background

Smurfit Westrock (NYSE:SW - Get Free Report) had its price objective lifted by equities research analysts at Wells Fargo & Company from $43.00 to $45.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective points to a potential downside of 4.64% from the stock's current price.

Several other equities analysts have also issued reports on SW. Royal Bank Of Canada decreased their target price on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Barclays decreased their target price 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. Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and increased their target price for the stock from $44.00 to $55.00 in a research note on Monday, June 16th. Truist Financial decreased their target price on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley increased their target price on Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $57.90.

View Our Latest Stock Analysis on Smurfit Westrock

Smurfit Westrock Trading Down 1.7%

Shares of NYSE SW traded down $0.83 during mid-day trading on Thursday, reaching $47.19. 1,852,615 shares of the company's stock were exchanged, compared to its average volume of 4,013,039. The firm has a market capitalization of $24.63 billion, a price-to-earnings ratio of 38.68 and a beta of 1.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.43. Smurfit Westrock has a 52-week low of $37.01 and a 52-week high of $56.99. The company's 50-day moving average is $44.10 and its 200-day moving average is $46.88.

Smurfit Westrock (NYSE:SW - Get Free Report) last released 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 business had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.41 billion. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The firm's quarterly revenue was up 161.3% on a year-over-year basis. Analysts expect that Smurfit Westrock will post 3.25 EPS for the current fiscal year.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, Director Irial Finan bought 15,180 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $39.21 per share, with a total value of $595,207.80. Following the transaction, the director owned 54,893 shares of the company's stock, valued at approximately $2,152,354.53. The trade was a 38.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Smurfit Westrock

Hedge funds and other institutional investors have recently made changes to their positions in the business. NBC Securities Inc. raised its position in shares of Smurfit Westrock by 127,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,277 shares of the company's stock worth $57,000 after acquiring an additional 1,276 shares in the last quarter. Geode Capital Management LLC grew its stake in Smurfit Westrock by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 14,328,052 shares of the company's stock worth $769,977,000 after buying an additional 1,594,939 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Smurfit Westrock by 45.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,151 shares of the company's stock worth $708,000 after buying an additional 4,115 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Smurfit Westrock by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 9,003,480 shares of the company's stock worth $484,927,000 after buying an additional 149,210 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in 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 during the last quarter. Institutional investors and hedge funds own 83.38% of the company's stock.

About Smurfit Westrock

(Get Free Report)

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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