Smurfit Westrock’s (SW) “Outperform” Rating Reiterated at Royal Bank of Canada

Smurfit Westrock (NYSE:SW)‘s stock had its “outperform” rating restated by analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $58.00 price target on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 14.04% from the company’s previous close.

SW has been the topic of several other reports. Citigroup began coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They set a “buy” rating and a $57.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday. Redburn Atlantic initiated coverage on Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price target on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $52.00 price target on shares of Smurfit Westrock in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Smurfit Westrock Trading Up 1.0 %

SW traded up $0.51 during trading on Friday, hitting $50.86. 671,826 shares of the company’s stock traded hands, compared to its average volume of 5,206,385. Smurfit Westrock has a 12-month low of $38.55 and a 12-month high of $54.32. The business’s 50 day moving average is $47.39. The firm has a market cap of $26.46 billion, a PE ratio of 281.89 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98.

Institutional Investors Weigh In On Smurfit Westrock

Large investors have recently made changes to their positions in the company. Private Management Group Inc. purchased a new stake in Smurfit Westrock in the 3rd quarter worth approximately $9,405,000. Catalytic Wealth RIA LLC bought a new position in Smurfit Westrock in the 3rd quarter worth $520,000. M&G PLC bought a new stake in Smurfit Westrock during the 3rd quarter valued at approximately $9,253,000. Nisa Investment Advisors LLC acquired a new position in Smurfit Westrock during the 3rd quarter valued at $542,000. Finally, Amalgamated Bank bought a new stake in shares of Smurfit Westrock in the third quarter valued at about $4,854,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Smurfit Westrock Company Profile

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.