Smurfit Westrock Ltd (NYSE:SW) Given Consensus Rating of "Moderate Buy" by Brokerages

Smurfit Westrock Ltd (NYSE:SW - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $57.43.

A number of analysts recently commented on SW shares. Citigroup assumed coverage on shares of Smurfit Westrock in a report on Wednesday, October 23rd. They set a "buy" rating and a $57.00 price objective on the stock. Redburn Atlantic assumed coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They set a "buy" rating and a $60.00 target price for the company. JPMorgan Chase & Co. reduced 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. Jefferies Financial Group reiterated a "hold" rating and set a $52.00 target price on shares of Smurfit Westrock in a research report on Monday, July 29th. Finally, Royal Bank of Canada raised shares of Smurfit Westrock from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $52.00 to $58.00 in a research report on Thursday.

Smurfit Westrock Stock Performance

Smurfit Westrock stock traded down $0.04 during mid-day trading on Friday, reaching $51.46. 3,558,170 shares of the company were exchanged, compared to its average volume of 5,407,513. The stock has a 50-day moving average price of $46.40. Smurfit Westrock has a twelve month low of $38.55 and a twelve month high of $52.76. The stock has a market capitalization of $26.73 billion, a price-to-earnings ratio of 286.13 and a beta of 1.05. The company has a current ratio of 1.48, a quick ratio of 2.18 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.06). The firm had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $7.91 billion. Smurfit Westrock had a negative net margin of 0.12% and a positive return on equity of 5.98%. As a group, equities research analysts anticipate that Smurfit Westrock will post 2.6 EPS for the current year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock's dividend payout ratio is presently 672.26%.

Institutional Trading of Smurfit Westrock

Several large investors have recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Smurfit Westrock in the third quarter valued at $25,000. CVA Family Office LLC purchased a new position in Smurfit Westrock in the 3rd quarter valued at about $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Smurfit Westrock during the third quarter valued at about $32,000. Waldron Private Wealth LLC purchased a new stake in shares of Smurfit Westrock during the third quarter worth about $35,000. Finally, Cromwell Holdings LLC acquired a new position in shares of Smurfit Westrock in the third quarter worth about $42,000. 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.