Smurfit Westrock (NYSE:SW) Now Covered by Analysts at Citigroup

by · The Cerbat Gem

Citigroup initiated coverage on shares of Smurfit Westrock (NYSE:SW – Free Report) in a report released on Wednesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $57.00 price target on the stock.

Several other research firms also recently commented on SW. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $52.00 target price on shares of Smurfit Westrock in a research report on Wednesday, July 31st. Redburn Atlantic started coverage on Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price objective on the stock. Wells Fargo & Company dropped their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Morgan Stanley initiated coverage on shares of Smurfit Westrock in a research note on Friday, July 19th. They issued an “overweight” rating and a $60.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.57.

View Our Latest Report on Smurfit Westrock

Smurfit Westrock Trading Up 4.8 %

Shares of NYSE SW opened at $46.67 on Wednesday. The stock’s 50 day simple moving average is $45.94. The firm has a market capitalization of $24.24 billion, a P/E ratio of 51.28 and a beta of 1.05. Smurfit Westrock has a twelve month low of $38.55 and a twelve month high of $50.60.

Smurfit Westrock (NYSE:SW – Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). Smurfit Westrock had a return on equity of 7.13% and a net margin of 1.36%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $7.91 billion. Equities analysts forecast that Smurfit Westrock will post 2.6 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, September 18th. Shareholders of record on Thursday, August 15th were issued a $0.3025 dividend. This represents a yield of 2.5%. The ex-dividend date of this dividend was Thursday, August 15th. Smurfit Westrock’s dividend payout ratio is currently 132.97%.

Institutional Trading of Smurfit Westrock

Several large investors have recently made changes to their positions in SW. Mather Group LLC. acquired a new stake in Smurfit Westrock in the third quarter valued at about $25,000. CVA Family Office LLC bought a new position in Smurfit Westrock in the 3rd quarter valued at approximately $26,000. ORG Wealth Partners LLC acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $32,000. Waldron Private Wealth LLC bought a new stake in shares of Smurfit Westrock during the third quarter worth $35,000. Finally, Cromwell Holdings LLC acquired a new position in shares of Smurfit Westrock during the third quarter worth $42,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Company Profile

(Get Free Report)

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.

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