Smurfit Westrock (NYSE:SW) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Smurfit Westrock (NYSE:SW) in a research note published on Wednesday morning, Benzinga reports. The firm currently has a $52.00 price objective on the stock.

SW has been the subject of a number of other reports. Jefferies Financial Group reaffirmed a hold rating and set a $52.00 price target on shares of Smurfit Westrock in a research note on Monday, July 29th. JPMorgan Chase & Co. assumed coverage on Smurfit Westrock in a report on Friday, July 12th. They issued an overweight rating and a $66.00 price target on the stock. Finally, Morgan Stanley assumed coverage on Smurfit Westrock in a research note on Friday, July 19th. They set an overweight rating and a $60.00 price target for the company.

Smurfit Westrock Price Performance

NYSE SW opened at $41.78 on Wednesday. Smurfit Westrock has a fifty-two week low of $41.30 and a fifty-two week high of $49.50. The company has a market cap of $10.94 billion, a PE ratio of 35.11, a P/E/G ratio of 1.42 and a beta of 1.05. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.85 and a current ratio of 2.30.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. Smurfit Westrock had a net margin of 1.36% and a return on equity of 5.96%. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.78 billion. On average, equities research analysts expect that Smurfit Westrock will post 2.72 earnings per share for the current year.

Smurfit Westrock Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.3025 per share. This represents a dividend yield of 2.5%. The ex-dividend date is Thursday, August 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 101.68%.

About Smurfit Westrock

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.