Smurfit Westrock Ltd (NYSE:SW) Receives $60.56 Consensus PT from Analysts

Shares of Smurfit Westrock Ltd (NYSE:SW) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $60.56.

A number of research firms have commented on SW. Royal Bank of Canada restated an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a research report on Friday, November 15th. Barclays boosted their price objective on shares of Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Argus assumed coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 target price for the company. Morgan Stanley boosted their price target 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, Citigroup increased their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, January 6th.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $52.95 on Wednesday. The firm has a market cap of $27.54 billion, a P/E ratio of 294.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. The business’s 50 day moving average price is $53.56. Smurfit Westrock has a 1 year low of $38.55 and a 1 year high of $56.99.

Smurfit Westrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were issued 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 yield of 2.29%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.22%.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the sale, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. This represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Smurfit Westrock

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mather Group LLC. acquired a new stake in Smurfit Westrock in the third quarter valued at approximately $25,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Smurfit Westrock in the 4th quarter valued at approximately $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at $26,000. Versant Capital Management Inc purchased a new stake in shares of Smurfit Westrock during the 4th quarter worth $27,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares in the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

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.