Smurfit Westrock (NYSE:SW) Given New $50.00 Price Target at Truist Financial

by · The Cerbat Gem

Smurfit Westrock (NYSE:SW – Free Report) had its price target decreased by Truist Financial from $62.00 to $50.00 in a research report sent to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other brokerages also recently commented on SW. Morgan Stanley dropped their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Citigroup increased their target price on Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company decreased their price target on Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.80.

Read Our Latest Analysis on SW

Smurfit Westrock Stock Up 1.8 %

Shares of SW opened at $41.50 on Tuesday. The company’s 50-day simple moving average is $45.81 and its 200-day simple moving average is $49.87. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. Smurfit Westrock has a 1 year low of $37.01 and a 1 year high of $56.99. The stock has a market capitalization of $21.66 billion, a PE ratio of 75.46 and a beta of 1.00.

Smurfit Westrock (NYSE:SW – Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. Analysts forecast that Smurfit Westrock will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, February 14th were given a dividend of $0.4308 per share. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 4.15%. Smurfit Westrock’s payout ratio is 312.73%.

Insider Buying and Selling at Smurfit Westrock

In related news, insider Ken Bowles sold 24,225 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the transaction, the insider now owns 111,458 shares of the company’s stock, valued at $6,136,877.48. This trade represents a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the sale, the insider now directly owns 44,361 shares of the company’s stock, valued at approximately $2,391,057.90. This represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Retirement Wealth Solutions LLC purchased a new position in Smurfit Westrock in the 4th quarter valued at $25,000. Versant Capital Management Inc acquired a new stake in shares of Smurfit Westrock in the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Smurfit Westrock by 117.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after acquiring an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators acquired a new position in shares of Smurfit Westrock during the fourth quarter worth about $30,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in Smurfit Westrock during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Company Profile

(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.

Read More