Smurfit Westrock Ltd (NYSE:SW) Given Consensus Rating of “Moderate Buy” by Brokerages

Smurfit Westrock Ltd (NYSE:SW) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $56.50.

Several research firms have commented on SW. 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 research report on Monday, October 7th. JPMorgan Chase & Co. lowered their price objective on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Royal Bank of Canada restated a “sector perform” rating and set a $52.00 price objective on shares of Smurfit Westrock in a research report on Wednesday, July 31st. Redburn Atlantic began coverage on Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price objective for the company. Finally, Morgan Stanley assumed coverage on Smurfit Westrock in a research report on Friday, July 19th. They set an “overweight” rating and a $60.00 price objective for the company.

Institutional Investors Weigh In On Smurfit Westrock

A number of hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $25,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock in the third 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. Armstrong Advisory Group Inc. acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $45,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $83,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Stock Up 0.4 %

Smurfit Westrock stock opened at $45.60 on Monday. The company has a market capitalization of $23.68 billion, a P/E ratio of 50.11 and a beta of 1.05. Smurfit Westrock has a 12 month low of $38.55 and a 12 month high of $50.60. The company has a 50-day moving average price of $45.13.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Tuesday, July 30th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.06). The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $7.91 billion. Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. On average, equities research analysts forecast that Smurfit Westrock will post 2.58 EPS for the current year.

Smurfit Westrock Announces Dividend

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

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.