Smurfit Westrock (NYSE:SW) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft started coverage on shares of Smurfit Westrock (NYSE:SW) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating and a $57.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 25.45% from the stock’s previous close.

SW has been the topic of several other research reports. Wall Street Zen downgraded Smurfit Westrock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. UBS Group lowered their price target on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Barclays lowered their price objective on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Citigroup lowered their target price on shares of Smurfit Westrock from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Royal Bank Of Canada dropped their price target on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $53.33.

Smurfit Westrock Price Performance

SW opened at $45.44 on Tuesday. The stock has a market cap of $23.83 billion, a price-to-earnings ratio of 63.11 and a beta of 0.96. 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 1 year low of $32.73 and a 1 year high of $52.65. The stock has a fifty day moving average price of $40.92 and a 200 day moving average price of $41.43.

Smurfit Westrock (NYSE:SW) last announced its quarterly 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 firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. Analysts forecast that Smurfit Westrock will post 2.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Smurfit Westrock

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in shares of Smurfit Westrock by 90.5% during the first quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock worth $593,000 after buying an additional 6,378 shares during the period. Integrated Wealth Concepts LLC raised its position in Smurfit Westrock by 6.7% during the first quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock worth $248,000 after acquiring an additional 346 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Smurfit Westrock by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock valued at $2,188,000 after purchasing an additional 2,698 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Smurfit Westrock by 192.3% during the 1st quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock worth $598,000 after acquiring an additional 8,726 shares during the period. Finally, Woodline Partners LP boosted its position in Smurfit Westrock by 40.8% during the first quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock worth $1,882,000 after purchasing an additional 12,096 shares during the period. 83.38% of the stock is owned by institutional investors.

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.