Smurfit Westrock (NYSE:SW) Given New $64.00 Price Target at Morgan Stanley

Smurfit Westrock (NYSE:SW) had its price objective increased by investment analysts at Morgan Stanley from $60.00 to $64.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 27.11% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company lowered their price objective on Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Royal Bank of Canada upgraded shares of Smurfit Westrock from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $52.00 to $58.00 in a research note on Thursday, October 31st. Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a research note on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Citigroup assumed coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $58.00.

Smurfit Westrock Price Performance

NYSE:SW traded down $0.64 during trading hours on Thursday, reaching $50.35. The company’s stock had a trading volume of 1,255,338 shares, compared to its average volume of 5,206,708. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The company has a market cap of $26.19 billion, a P/E ratio of 279.74 and a beta of 1.04. Smurfit Westrock has a one year low of $38.55 and a one year high of $54.32. The business has a 50-day moving average of $47.39.

Institutional Trading of Smurfit Westrock

Several institutional investors have recently modified their holdings of SW. FMR LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at $431,653,000. Mizuho Securities USA LLC bought a new position in Smurfit Westrock during the third quarter worth about $386,712,000. Charles Schwab Investment Management Inc. acquired a new stake in Smurfit Westrock during the third quarter valued at approximately $151,212,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $129,491,000. Finally, Citigroup Inc. bought a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $77,207,000. Institutional investors and hedge funds 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.