JPMorgan Chase & Co. Issues Positive Forecast for Smurfit Westrock (NYSE:SW) Stock Price

Smurfit Westrock (NYSE:SW) had its price objective upped by JPMorgan Chase & Co. from $62.00 to $65.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also weighed in on SW. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Smurfit Westrock in a report on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 price objective on the stock. Wall Street Zen lowered shares of Smurfit Westrock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company lifted their target price on Smurfit Westrock from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings downgraded Smurfit Westrock from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 1st. Finally, Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.17.

Smurfit Westrock Stock Up 2.3%

Shares of NYSE SW opened at $43.05 on Thursday. The stock has a market cap of $22.58 billion, a P/E ratio of 59.79, a PEG ratio of 0.86 and a beta of 0.95. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. Smurfit Westrock has a 12-month low of $32.73 and a 12-month high of $52.65. The business’s fifty day simple moving average is $42.02 and its 200-day simple moving average is $42.19.

Smurfit Westrock (NYSE:SW) last released its earnings results on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. As a group, equities analysts predict that Smurfit Westrock will post 2.26 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.4523 dividend. This represents a $1.81 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is 251.39%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Wahed Invest LLC grew its holdings in shares of Smurfit Westrock by 1.6% in the 4th quarter. Wahed Invest LLC now owns 13,721 shares of the company’s stock worth $531,000 after acquiring an additional 221 shares during the period. International Private Wealth Advisors LLC raised its position in Smurfit Westrock by 3.5% during the fourth quarter. International Private Wealth Advisors LLC now owns 7,152 shares of the company’s stock worth $277,000 after acquiring an additional 245 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Smurfit Westrock by 4.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock valued at $292,000 after buying an additional 264 shares during the last quarter. AXA S.A. lifted its position in shares of Smurfit Westrock by 1.3% in the second quarter. AXA S.A. now owns 22,283 shares of the company’s stock valued at $962,000 after acquiring an additional 285 shares in the last quarter. Finally, Mariner LLC lifted its position in shares of Smurfit Westrock by 0.9% in the third quarter. Mariner LLC now owns 31,906 shares of the company’s stock valued at $1,358,000 after acquiring an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.

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.