Smurfit Westrock (NYSE:SW) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Smurfit Westrock (NYSE:SW) had its price objective cut by JPMorgan Chase & Co. from $69.00 to $57.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also issued reports about the company. Loop Capital set a $71.00 price objective on Smurfit Westrock in a research report on Tuesday, July 28th. Royal Bank Of Canada cut their target price on Smurfit Westrock from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Wells Fargo & Company lifted their target price on Smurfit Westrock from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Truist Financial decreased their price target on Smurfit Westrock from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Seaport Research Partners restated a “buy” rating and issued a $54.00 price objective on shares of Smurfit Westrock in a report on Wednesday, August 12th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.54.

Smurfit Westrock Stock Up 1.2%

Shares of NYSE:SW opened at $43.06 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. Smurfit Westrock has a 52-week low of $32.73 and a 52-week high of $52.65. The business has a fifty day moving average of $44.02 and a two-hundred day moving average of $43.50. The stock has a market cap of $22.59 billion, a P/E ratio of 48.38, a PEG ratio of 1.61 and a beta of 0.96.

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

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be paid a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, November 13th. Smurfit Westrock’s dividend payout ratio is presently 203.37%.

Institutional Investors Weigh In On Smurfit Westrock

A number of hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC grew its stake in Smurfit Westrock by 187.6% during the 1st quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock worth $31,000 after buying an additional 501 shares during the last quarter. Provenance Wealth Advisors LLC acquired a new position in shares of Smurfit Westrock during the third quarter worth about $37,000. Axiom Investment Management LLC purchased a new position in shares of Smurfit Westrock during the 1st quarter worth approximately $62,000. Bessemer Group Inc. raised its position in Smurfit Westrock by 93.1% in the first quarter. Bessemer Group Inc. now owns 3,208 shares of the company’s stock worth $128,000 after acquiring an additional 1,547 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Smurfit Westrock in the second quarter valued at about $153,000. 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.