Wells Fargo & Company Issues Positive Forecast for Smurfit Westrock (NYSE:SW) Stock Price

Smurfit Westrock (NYSE:SW - Get Free Report) had its target price lifted by equities research analysts at Wells Fargo & Company from $43.00 to $45.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target suggests a potential downside of 6.11% from the stock's current price.

A number of other research analysts have also recently commented on the company. Royal Bank Of Canada dropped their price target on Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Truist Financial lowered their price objective on Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Barclays lowered their price objective on Smurfit Westrock from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Morgan Stanley lifted their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Jefferies Financial Group raised Smurfit Westrock from a "hold" rating to a "buy" rating and boosted their target price for the company from $44.00 to $55.00 in a research report on Monday, June 16th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $57.50.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock traded up $0.69 on Thursday, hitting $47.93. The stock had a trading volume of 1,195,806 shares, compared to its average volume of 4,219,049. The stock has a market cap of $25.02 billion, a price-to-earnings ratio of 39.29 and a beta of 1.02. Smurfit Westrock has a twelve month low of $37.01 and a twelve month high of $56.99. The company has a quick ratio of 0.93, a current ratio of 1.43 and a debt-to-equity ratio of 0.72. The business's 50 day moving average is $43.83 and its two-hundred day moving average is $47.07.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock had a return on equity of 7.38% and a net margin of 1.98%. The business's quarterly revenue was up 161.3% compared to the same quarter last year. Analysts forecast that Smurfit Westrock will post 3.25 EPS for the current year.

Insider Buying and Selling 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 purchased at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the purchase, the director directly owned 54,893 shares of the company's stock, valued at approximately $2,152,354.53. This represents a 38.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Smurfit Westrock

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $1,300,041,000. Nuveen LLC bought a new stake in shares of Smurfit Westrock in the 1st quarter worth approximately $1,051,299,000. Nuveen Asset Management LLC raised its holdings in shares of Smurfit Westrock by 51.6% in the 4th quarter. Nuveen Asset Management LLC now owns 20,720,312 shares of the company's stock worth $1,115,996,000 after purchasing an additional 7,050,781 shares during the period. Boston Partners bought a new stake in shares of Smurfit Westrock in the 4th quarter worth approximately $304,377,000. Finally, FIL Ltd raised its holdings in shares of Smurfit Westrock by 68.2% in the 4th quarter. FIL Ltd now owns 10,962,433 shares of the company's stock worth $590,853,000 after purchasing an additional 4,444,704 shares during the period. 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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