Smurfit Westrock (NYSE:SW) Earns “Hold” Rating from Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of Smurfit Westrock (NYSE:SW) in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has a $52.00 price target on the stock.

Several other research firms have also issued reports on SW. JPMorgan Chase & Co. initiated coverage on Smurfit Westrock in a research report on Friday, July 12th. They set an overweight rating and a $66.00 price target on the stock. Royal Bank of Canada initiated coverage on Smurfit Westrock in a research note on Friday, July 12th. They set a sector perform rating and a $52.00 price objective for the company. Finally, Morgan Stanley initiated coverage on Smurfit Westrock in a research note on Friday, July 19th. They set an overweight rating and a $60.00 price objective for the company.

Smurfit Westrock Stock Down 4.1 %

Shares of SW opened at $44.84 on Monday. Smurfit Westrock has a 52-week low of $43.18 and a 52-week high of $49.50. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 37.68, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. The company has a current ratio of 1.34, a quick ratio of 0.85 and a debt-to-equity ratio of 0.77.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.78 billion. Smurfit Westrock had a return on equity of 5.85% and a net margin of 1.57%. Equities analysts forecast that Smurfit Westrock will post 2.93 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Thursday, August 15th will be issued a $0.3025 dividend. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 2.5%. Smurfit Westrock’s dividend payout ratio (DPR) is 101.68%.

About Smurfit Westrock

WestRock is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The company is one of the largest integrated producers of containerboard by tons produced, and one of the largest producers of high-graphics preprinted linerboard on the basis of net sales in North America.