Smurfit Westrock (NYSE:SW) Earns Buy Rating from Analysts at Truist Financial

Truist Financial began coverage on shares of Smurfit Westrock (NYSE:SW) in a report issued on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $62.00 price objective on the stock.

A number of other equities analysts have also recently commented on SW. Morgan Stanley raised their target price on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Wells Fargo & Company dropped 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. Barclays increased their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Argus assumed coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They issued a “buy” rating and a $62.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.70.

Smurfit Westrock Price Performance

NYSE:SW opened at $55.23 on Tuesday. The company has a 50-day moving average price of $53.75. The firm has a market cap of $28.73 billion, a price-to-earnings ratio of 306.84 and a beta of 1.03. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73. Smurfit Westrock has a 1-year low of $38.55 and a 1-year high of $56.99.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.23). The business had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $8.04 billion. Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. During the same quarter in the prior year, the firm earned $0.81 EPS. As a group, equities analysts anticipate that Smurfit Westrock will post 2.65 earnings per share for the current fiscal year.

Insider Transactions at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the sale, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp purchased a new position in Smurfit Westrock during the 3rd quarter valued at about $967,582,000. Geode Capital Management LLC purchased a new stake in shares of Smurfit Westrock in the third quarter valued at $627,244,000. FMR LLC acquired a new stake in shares of Smurfit Westrock during the third quarter valued at $431,653,000. Mizuho Securities USA LLC acquired a new position in Smurfit Westrock in the 3rd quarter valued at about $386,712,000. Finally, Soros Fund Management LLC purchased a new position in Smurfit Westrock in the 3rd quarter valued at about $340,848,000. 83.38% of the stock is owned by hedge funds and other institutional investors.

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.