Smurfit Westrock (NYSE:SW) Stock Price Target Cut by Truist Financial

Smurfit Westrock (NYSE:SW) had its target price reduced by stock analysts at Truist Financial from $57.00 to $54.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 31.44% from the company’s previous close.

A number of other brokerages have also recently issued reports on SW. Weiss Ratings cut Smurfit Westrock from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Wall Street Zen upgraded Smurfit Westrock from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Royal Bank Of Canada boosted their price target on shares of Smurfit Westrock from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price target on Smurfit Westrock from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, September 23rd. Finally, Loop Capital set a $71.00 price objective on Smurfit Westrock in a report on Tuesday, July 28th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.08.

Smurfit Westrock Stock Performance

Smurfit Westrock stock traded down $0.21 during trading on Monday, hitting $41.08. The stock had a trading volume of 1,248,655 shares, compared to its average volume of 5,462,850. Smurfit Westrock has a 1 year low of $32.73 and a 1 year high of $52.65. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average is $45.99 and its two-hundred day moving average is $43.57. The stock has a market cap of $21.55 billion, a price-to-earnings ratio of 43.73, a price-to-earnings-growth ratio of 1.32 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last released its earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%. The firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.93 billion. During the same period in the prior year, the business earned ($0.05) earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, analysts predict that Smurfit Westrock will post 1.98 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SW. Concurrent Investment Advisors LLC increased its stake in shares of Smurfit Westrock by 0.3% during the second quarter. Concurrent Investment Advisors LLC now owns 140,975 shares of the company’s stock valued at $6,522,000 after buying an additional 416 shares during the period. Sound Income Strategies LLC lifted its stake in Smurfit Westrock by 0.3% in the third quarter. Sound Income Strategies LLC now owns 135,584 shares of the company’s stock worth $5,620,000 after acquiring an additional 423 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Smurfit Westrock by 2.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 21,632 shares of the company’s stock worth $868,000 after acquiring an additional 495 shares during the period. Root Financial Partners LLC boosted its holdings in Smurfit Westrock by 187.6% in the first quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after acquiring an additional 501 shares in the last quarter. Finally, Patton Fund Management Inc. boosted its holdings in Smurfit Westrock by 8.2% in the first quarter. Patton Fund Management Inc. now owns 6,603 shares of the company’s stock valued at $263,000 after acquiring an additional 502 shares in the last quarter. Institutional investors own 83.38% of the company’s stock.

About Smurfit Westrock

Smurfit Westrock plc (NYSE:SW) is a global provider of paper-based packaging solutions. The company manufactures corrugated packaging, folding cartons, paper bags and sacks, beverage packaging, consumer packaging, point-of-sale displays, and other customized products designed to protect, transport, and present goods.

The company also operates paper mills, recycling facilities, and packaging-design and testing operations. Its products serve customers in industries including food and beverage, consumer goods, retail, industrial products, and e-commerce.