Smurfit Westrock (NYSE:SW – Free Report) had its target price decreased by JPMorgan Chase & Co. from $66.00 to $65.00 in a research report report published on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Several other brokerages have also recently weighed in on SW. Morgan Stanley started coverage on shares of Smurfit Westrock in a report on Friday, July 19th. They issued an overweight rating and a $60.00 target price on the stock. Jefferies Financial Group reaffirmed a hold rating and issued a $52.00 target price on shares of Smurfit Westrock in a report on Monday, July 29th. Finally, Royal Bank of Canada reiterated a sector perform rating and issued a $52.00 price target on shares of Smurfit Westrock in a research note on Wednesday.
Check Out Our Latest Stock Analysis on Smurfit Westrock
Smurfit Westrock Stock Down 3.6 %
Smurfit Westrock (NYSE:SW – Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.14. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Smurfit Westrock had a net margin of 1.36% and a return on equity of 5.35%. Analysts expect that Smurfit Westrock will post 2.93 EPS for the current fiscal year.
Smurfit Westrock Dividend Announcement
The business also recently declared a semi-annual dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Thursday, August 15th will be paid a $0.3025 dividend. The ex-dividend date is Thursday, August 15th. This represents a yield of 2.5%. Smurfit Westrock’s dividend payout ratio is currently 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.
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