Smurfit Westrock Ltd (NYSE:SW) Receives Consensus Rating of “Moderate Buy” from Analysts

Smurfit Westrock Ltd (NYSE:SW) has been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $58.57.

Several research firms have recently weighed in on SW. Redburn Atlantic started coverage on Smurfit Westrock in a research report on Friday, August 23rd. They issued a “buy” rating and a $60.00 price objective for the company. Wells Fargo & Company dropped their target price on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Morgan Stanley raised their target price on Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a research report on Friday, November 15th. Finally, Citigroup initiated coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 target price on the stock.

Smurfit Westrock Stock Performance

NYSE SW opened at $55.11 on Tuesday. The business’s 50-day simple moving average is $49.64. Smurfit Westrock has a twelve month low of $38.55 and a twelve month high of $56.99. The firm has a market cap of $28.67 billion, a PE ratio of 306.18 and a beta of 1.04. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid a $0.3025 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.20%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 672.26%.

Institutional Investors Weigh In On Smurfit Westrock

A number of hedge funds have recently added to or reduced their stakes in SW. AMF Tjanstepension AB acquired a new position in Smurfit Westrock during the 3rd quarter worth $8,519,000. Czech National Bank acquired a new position in shares of Smurfit Westrock during the third quarter valued at $4,967,000. SG Americas Securities LLC bought a new position in Smurfit Westrock in the third quarter valued at about $843,000. Park Avenue Securities LLC acquired a new stake in Smurfit Westrock in the third quarter worth about $561,000. Finally, GAMMA Investing LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth about $249,000. Institutional investors own 83.38% of the company’s stock.

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.