Smurfit Westrock’s (SW) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Smurfit Westrock (NYSE:SW)‘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.

Smurfit Westrock Trading Down 5.3 %

Shares of NYSE:SW traded down $2.47 during midday trading on Wednesday, hitting $44.27. 5,194,801 shares of the company’s stock were exchanged, compared to its average volume of 9,432,053. Smurfit Westrock has a 12 month low of $43.18 and a 12 month high of $49.50. The company has a market cap of $11.60 billion, a PE ratio of 37.25, a PEG ratio of 1.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.34 and a quick ratio of 0.85.

Smurfit Westrock (NYSE:SW) 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.