Smurfit Westrock (NYSE:SW) PT Lowered to $50.00 at Wells Fargo & Company

by · The Cerbat Gem

Smurfit Westrock (NYSE:SW – Free Report) had its price target cut by Wells Fargo & Company from $53.00 to $50.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an equal weight rating on the stock.

SW has been the topic of several other reports. Redburn Atlantic started coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They set a buy rating and a $60.00 target price on the stock. Jefferies Financial Group restated a hold rating and set a $52.00 price objective on shares of Smurfit Westrock in a research report on Monday, July 29th. Royal Bank of Canada reiterated a sector perform rating and issued a $52.00 target price on shares of Smurfit Westrock in a report on Wednesday, July 31st. Morgan Stanley assumed coverage on Smurfit Westrock in a research report on Friday, July 19th. They set an overweight rating and a $60.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $56.50.

View Our Latest Report on SW

Smurfit Westrock Price Performance

NYSE SW opened at $46.07 on Monday. Smurfit Westrock has a 1-year low of $38.55 and a 1-year high of $50.60. The company’s 50 day moving average price is $44.99. The stock has a market cap of $23.92 billion, a PE ratio of 38.71 and a beta of 1.05.

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). The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. Equities analysts predict that Smurfit Westrock will post 2.58 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 18th. Shareholders of record on Thursday, August 15th were given a $0.3025 dividend. This represents a yield of 2.5%. The ex-dividend date was Thursday, August 15th. Smurfit Westrock’s dividend payout ratio (DPR) is presently 101.68%.

Institutional Trading of Smurfit Westrock

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. bought a new stake in shares of Smurfit Westrock during the third quarter valued at approximately $25,000. Perpetual Ltd purchased a new position in Smurfit Westrock during the 3rd quarter worth $214,000. Clarius Group LLC bought a new stake in Smurfit Westrock during the 3rd quarter valued at $218,000. CWM LLC purchased a new stake in shares of Smurfit Westrock in the 3rd quarter worth $227,000. Finally, GAMMA Investing LLC bought a new position in shares of Smurfit Westrock during the 3rd quarter worth $249,000. 83.38% of the stock is currently owned by institutional investors.

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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