Smurfit Westrock (NYSE:SW) Stock Rating Upgraded by Royal Bank of Canada

Smurfit Westrock (NYSE:SW) was upgraded by research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a $58.00 price objective on the stock, up from their previous price objective of $52.00. Royal Bank of Canada’s target price indicates a potential upside of 12.70% from the stock’s current price.

A number of other analysts have also recently issued reports on SW. Jefferies Financial Group reissued a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research note on Monday, July 29th. Wells Fargo & Company reduced their price objective on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Citigroup began coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Redburn Atlantic began coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and an average target price of $57.43.

Smurfit Westrock Trading Down 0.1 %

Smurfit Westrock stock opened at $51.47 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 2.18. The firm has a market cap of $26.73 billion, a price-to-earnings ratio of 285.93 and a beta of 1.04. The stock’s 50-day moving average is $46.53. Smurfit Westrock has a 1 year low of $38.55 and a 1 year high of $52.76.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Tuesday, July 30th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.06). Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $7.91 billion. Research analysts anticipate that Smurfit Westrock will post 2.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vontobel Holding Ltd. acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $62,832,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Smurfit Westrock in the third quarter valued at about $39,627,000. Principal Financial Group Inc. bought a new position in Smurfit Westrock during the third quarter worth about $29,716,000. New York State Common Retirement Fund acquired a new stake in Smurfit Westrock in the 3rd quarter worth about $22,299,000. Finally, Boston Common Asset Management LLC bought a new stake in Smurfit Westrock in the 3rd quarter valued at about $16,262,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

About Smurfit Westrock

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.