Smurfit Westrock (NYSE:SW) Stock Gets Price Target Trim from Barclays

Smurfit Westrock (NYSE:SW) had its price objective reduced by analysts at Barclays from $56.00 to $55.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 28.77% from the company’s current price.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Smurfit Westrock from $69.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Truist Financial reduced their target price on shares of Smurfit Westrock from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Royal Bank Of Canada reduced their target price on shares of Smurfit Westrock from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Morgan Stanley raised their target price on shares of Smurfit Westrock from $57.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Finally, Loop Capital set a $71.00 price target on shares of Smurfit Westrock in a research note on Tuesday, July 28th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.15.

Smurfit Westrock Stock Down 1.6%

Shares of SW stock traded down $0.69 on Tuesday, hitting $42.71. 170,381 shares of the stock were exchanged, compared to its average volume of 5,436,035. The company has a current ratio of 1.48, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $22.40 billion, a P/E ratio of 47.76, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. The business has a 50-day moving average of $43.90 and a 200 day moving average of $43.51. Smurfit Westrock has a fifty-two week low of $32.73 and a fifty-two week high of $52.65.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.15). The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.29 billion. Smurfit Westrock had a return on equity of 4.27% and a net margin of 1.50%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. Equities analysts anticipate that Smurfit Westrock will post 1.71 EPS for the current year.

Hedge Funds Weigh In On Smurfit Westrock

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of Smurfit Westrock by 6.2% in the first quarter. Bank of America Corp DE now owns 5,460,163 shares of the company’s stock valued at $217,587,000 after purchasing an additional 318,336 shares during the period. Trinity Street Asset Management LLP bought a new stake in shares of Smurfit Westrock during the 2nd quarter worth about $243,400,000. Dimensional Fund Advisors LP boosted its holdings in shares of Smurfit Westrock by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,848,130 shares of the company’s stock worth $193,141,000 after buying an additional 160,510 shares during the period. Artemis Investment Management LLP boosted its holdings in shares of Smurfit Westrock by 719.6% during the 3rd quarter. Artemis Investment Management LLP now owns 3,214,979 shares of the company’s stock worth $141,781,000 after buying an additional 2,822,720 shares during the period. Finally, Maple Rock Capital Partners Inc. acquired a new position in Smurfit Westrock in the 2nd quarter valued at about $120,660,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

About Smurfit Westrock

Smurfit Westrock plc (NYSE:SW) is a global provider of sustainable paper and packaging solutions. The company produces containerboard, corrugated packaging, folding cartons, paper bags, displays and other packaging products designed for consumer, retail, industrial and e-commerce applications. It also provides packaging design, supply-chain support and recycling services.

Smurfit Westrock was formed in July 2024 through the combination of Smurfit Kappa Group and WestRock. The transaction brought together two established packaging businesses with roots in Europe and North America.