Smurfit Westrock Ltd (NYSE:SW) Receives $60.00 Average Target Price from Brokerages

Smurfit Westrock Ltd (NYSE:SW) has earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $60.00.

SW has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Argus began coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price target for the company. Barclays increased their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Morgan Stanley lifted their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Wells Fargo & Company reduced their price target 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.

Insider Activity

In related news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the transaction, the insider now owns 149,911 shares in the company, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SW. Mather Group LLC. purchased a new position in Smurfit Westrock during the third quarter worth $25,000. CVA Family Office LLC purchased a new stake in Smurfit Westrock in the third quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in shares of Smurfit Westrock during the third quarter valued at approximately $32,000. Waldron Private Wealth LLC bought a new stake in Smurfit Westrock during the 3rd quarter valued at $35,000. Finally, Cromwell Holdings LLC bought a new stake in Smurfit Westrock during the third quarter valued at about $42,000. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Price Performance

NYSE SW opened at $53.93 on Friday. The stock has a market cap of $28.05 billion, a PE ratio of 299.63 and a beta of 1.04. Smurfit Westrock has a 1 year low of $38.55 and a 1 year high of $56.99. The business has a 50 day moving average price of $51.59. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were paid a dividend of $0.3025 per share. The ex-dividend date was Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.24%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.22%.

About Smurfit Westrock

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.