Argus Lowers Smurfit Westrock (NYSE:SW) Price Target to $45.00

Smurfit Westrock (NYSE:SW) had its target price cut by stock analysts at Argus from $55.00 to $45.00 in a research note issued on Tuesday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Argus’ price target indicates a potential upside of 21.02% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a research report on Monday, December 1st. Barclays decreased their price objective on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Royal Bank Of Canada lowered their target price on Smurfit Westrock from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Seaport Res Ptn raised shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $52.00 target price on shares of Smurfit Westrock in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.60.

Smurfit Westrock Stock Up 5.3%

Smurfit Westrock stock opened at $37.18 on Tuesday. The stock has a 50 day moving average of $37.99 and a two-hundred day moving average of $42.34. Smurfit Westrock has a twelve month low of $32.73 and a twelve month high of $56.05. The stock has a market capitalization of $19.42 billion, a price-to-earnings ratio of 26.00 and a beta of 1.10. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The business had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.89 billion. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, research analysts expect that Smurfit Westrock will post 3.25 earnings per share for the current year.

Institutional Investors Weigh In On Smurfit Westrock

Large investors have recently bought and sold shares of the business. New York State Common Retirement Fund grew its stake in shares of Smurfit Westrock by 7.0% in the second quarter. New York State Common Retirement Fund now owns 520,366 shares of the company’s stock worth $22,454,000 after acquiring an additional 34,088 shares during the last quarter. Banque Pictet & Cie SA increased its stake in Smurfit Westrock by 42.5% in the second quarter. Banque Pictet & Cie SA now owns 355,610 shares of the company’s stock valued at $15,345,000 after acquiring an additional 106,040 shares during the period. Czech National Bank raised its holdings in shares of Smurfit Westrock by 6.7% in the 2nd quarter. Czech National Bank now owns 121,218 shares of the company’s stock worth $5,231,000 after buying an additional 7,657 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Smurfit Westrock by 14.3% during the second quarter. Metis Global Partners LLC now owns 60,661 shares of the company’s stock valued at $2,618,000 after acquiring an additional 7,588 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Smurfit Westrock by 16.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 58,472 shares of the company’s stock valued at $2,523,000 after purchasing an additional 8,161 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.

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.