Smurfit Westrock Ltd (NYSE:SW) Receives $58.00 Consensus Target Price from Analysts

Shares of Smurfit Westrock Ltd (NYSE:SW) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $58.57.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley increased their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Wells Fargo & Company decreased their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Finally, Citigroup started coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective for the company.

Institutional Investors Weigh In On Smurfit Westrock

A number of hedge funds and other institutional investors have recently bought and sold shares of SW. State Street Corp acquired a new stake in Smurfit Westrock in the 3rd quarter valued at $967,582,000. Geode Capital Management LLC bought a new stake in Smurfit Westrock during the third quarter worth about $627,244,000. FMR LLC acquired a new position in Smurfit Westrock during the third quarter valued at approximately $431,653,000. Mizuho Securities USA LLC bought a new position in Smurfit Westrock in the third quarter valued at approximately $386,712,000. Finally, Soros Fund Management LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $340,848,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.2 %

SW stock opened at $55.11 on Tuesday. Smurfit Westrock has a twelve month low of $38.55 and a twelve month high of $56.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The firm has a market cap of $28.67 billion, a P/E ratio of 306.18 and a beta of 1.04. The company has a fifty day moving average of $49.64.

Smurfit Westrock Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s payout ratio is presently 672.26%.

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.