Analysts Set Smurfit Westrock PLC (NYSE:SW) PT at $57.62

Smurfit Westrock PLC (NYSE:SW) has earned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $57.6154.

A number of analysts recently issued reports on SW shares. Royal Bank Of Canada increased their price objective on Smurfit Westrock from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Loop Capital set a $71.00 target price on Smurfit Westrock in a report on Tuesday, July 28th. Truist Financial upped their price target on Smurfit Westrock from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating and issued a $57.00 price target on shares of Smurfit Westrock in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Smurfit Westrock in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 price objective for the company.

Smurfit Westrock Trading Down 1.5%

Shares of SW stock opened at $49.26 on Thursday. The company’s fifty day simple moving average is $45.54 and its two-hundred day simple moving average is $43.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.96. Smurfit Westrock has a 1 year low of $32.73 and a 1 year high of $52.65. The stock has a market capitalization of $25.84 billion, a price-to-earnings ratio of 52.41, a PEG ratio of 0.90 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.93 billion. Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%.Smurfit Westrock’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) earnings per share. As a group, analysts anticipate that Smurfit Westrock will post 2.06 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be paid a $0.4523 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.81 annualized dividend and a yield of 3.7%. Smurfit Westrock’s dividend payout ratio is currently 192.55%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wahed Invest LLC increased its holdings in shares of Smurfit Westrock by 1.6% in the fourth quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock worth $531,000 after purchasing an additional 221 shares during the period. Benjamin Edwards Inc. raised its position in shares of Smurfit Westrock by 4.1% in the second quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock worth $292,000 after buying an additional 264 shares in the last quarter. AXA S.A. boosted its stake in Smurfit Westrock by 1.3% during the second quarter. AXA S.A. now owns 22,283 shares of the company’s stock valued at $962,000 after buying an additional 285 shares during the period. Mariner LLC boosted its stake in Smurfit Westrock by 0.9% during the third quarter. Mariner LLC now owns 31,906 shares of the company’s stock valued at $1,358,000 after buying an additional 294 shares during the period. Finally, Creative Planning grew its position in Smurfit Westrock by 5.0% during the third quarter. Creative Planning now owns 7,082 shares of the company’s stock worth $301,000 after buying an additional 338 shares in the last quarter. 83.38% of the stock is owned by institutional investors.

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.