Smurfit Westrock (NYSE:SW – Get Free Report)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank of Canada in a research note issued on Wednesday, Benzinga reports. They presently have a $52.00 price target on the stock. Royal Bank of Canada’s target price suggests a potential upside of 17.46% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. started coverage on Smurfit Westrock in a report on Friday, July 12th. They issued an “overweight” rating and a $66.00 target price for the company. Jefferies Financial Group reissued a “hold” rating and issued a $52.00 price target on shares of Smurfit Westrock in a report on Monday. Finally, Morgan Stanley assumed coverage on shares of Smurfit Westrock in a report on Friday, July 19th. They set an “overweight” rating and a $60.00 price objective for the company.
Read Our Latest Stock Analysis on SW
Smurfit Westrock Trading Down 5.3 %
Smurfit Westrock (NYSE:SW – Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.78 billion. Smurfit Westrock had a return on equity of 5.85% and a net margin of 1.57%. As a group, equities research analysts expect that Smurfit Westrock will post 2.93 EPS for the current fiscal year.
Smurfit Westrock Company Profile
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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