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

Shares of Smurfit Westrock Ltd (NYSE:SW) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $57.43.

A number of equities research analysts recently commented on the stock. Morgan Stanley initiated coverage on shares of Smurfit Westrock in a report on Friday, July 19th. They issued an “overweight” rating and a $60.00 price target on the stock. Wells Fargo & Company lowered their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Jefferies Financial Group reiterated a “hold” rating and set a $52.00 price target on shares of Smurfit Westrock in a research note on Monday, July 29th. Redburn Atlantic initiated coverage on Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Citigroup started coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 target price for the company.

Hedge Funds Weigh In On Smurfit Westrock

A number of large investors have recently modified their holdings of SW. Mizuho Securities USA LLC purchased a new position in Smurfit Westrock during the third quarter worth about $386,712,000. Swiss National Bank bought a new stake in shares of Smurfit Westrock during the 3rd quarter valued at about $76,082,000. Vontobel Holding Ltd. purchased a new position in shares of Smurfit Westrock during the third quarter worth about $62,832,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Smurfit Westrock in the third quarter worth approximately $51,430,000. Finally, Patten & Patten Inc. TN purchased a new stake in Smurfit Westrock in the third quarter valued at approximately $49,538,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Stock Performance

NYSE SW opened at $53.45 on Friday. The stock has a market capitalization of $27.76 billion, a P/E ratio of 296.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock has a 52-week low of $38.55 and a 52-week high of $54.32. The stock’s 50-day moving average is $46.99.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is presently 672.22%.

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.