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

by · The Cerbat Gem

Smurfit Westrock (NYSE:SW – Free Report) had its price target trimmed by Argus from $55.00 to $45.00 in a report released on Tuesday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

SW has been the subject of several other research reports. Truist Financial dropped their target price on shares of Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Seaport Res Ptn upgraded Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Zacks Research cut Smurfit Westrock from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. UBS Group began coverage on shares of Smurfit Westrock in a report on Monday, September 15th. They set a “buy” rating and a $60.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.60.

Get Our Latest Stock Analysis on Smurfit Westrock

Smurfit Westrock Stock Up 2.3%

Shares of NYSE:SW opened at $38.02 on Tuesday. The company’s fifty day moving average is $37.91 and its 200-day moving average is $42.31. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.48. Smurfit Westrock has a 52 week low of $32.73 and a 52 week high of $56.05. The company has a market capitalization of $19.85 billion, a PE ratio of 26.59 and a beta of 1.10.

Smurfit Westrock (NYSE:SW – Get Free Report) last posted its earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). The firm had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts predict that Smurfit Westrock will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 14th will be paid a $0.4308 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.72 annualized dividend and a yield of 4.5%. Smurfit Westrock’s dividend payout ratio is currently 120.28%.

Hedge Funds Weigh In On Smurfit Westrock

Institutional investors have recently made changes to their positions in the stock. Swiss Life Asset Management Ltd grew its holdings in shares of Smurfit Westrock by 16.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 85,111 shares of the company’s stock valued at $3,623,000 after purchasing an additional 11,845 shares during the last quarter. Groupama Asset Managment boosted its position in Smurfit Westrock by 5.9% during the third quarter. Groupama Asset Managment now owns 644,001 shares of the company’s stock valued at $27,415,000 after buying an additional 35,651 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Smurfit Westrock during the third quarter valued at about $13,568,000. Danske Bank A S bought a new position in shares of Smurfit Westrock during the third quarter valued at about $3,494,000. Finally, XTX Topco Ltd purchased a new position in shares of Smurfit Westrock in the third quarter worth about $824,000. Institutional investors own 83.38% of the company’s stock.

About Smurfit Westrock

(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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