Smurfit Westrock (NYSE:SW) Earns Buy Rating from Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of Smurfit Westrock (NYSE:SW - Free Report) in a report issued on Friday morning, MarketBeat reports. The firm issued a buy rating and a $60.00 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group reiterated a hold rating and issued a $52.00 price target on shares of Smurfit Westrock in a report on Monday, July 29th. JPMorgan Chase & Co. dropped their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an overweight rating for the company in a report on Wednesday, July 31st. Royal Bank of Canada reissued a sector perform rating and set a $52.00 price target on shares of Smurfit Westrock in a research note on Wednesday, July 31st. Finally, Morgan Stanley started coverage on Smurfit Westrock in a report on Friday, July 19th. They set an overweight rating and a $60.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $57.80.

Smurfit Westrock Price Performance

SW traded up $1.52 during trading on Friday, reaching $45.31. The company's stock had a trading volume of 3,890,988 shares, compared to its average volume of 6,943,008. The company has a current ratio of 2.30, a quick ratio of 1.92 and a debt-to-equity ratio of 1.02. Smurfit Westrock has a 52-week low of $38.55 and a 52-week high of $49.50. The firm has a market capitalization of $11.64 billion, a PE ratio of 38.08 and a beta of 1.05.

Smurfit Westrock (NYSE:SW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.06). Smurfit Westrock had a net margin of 1.36% and a return on equity of 5.96%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $7.91 billion. Research analysts anticipate that Smurfit Westrock will post 2.65 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 18th. Investors of record on Thursday, August 15th will be given a dividend of $0.3025 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 2.5%. Smurfit Westrock's dividend payout ratio is currently 101.68%.

About Smurfit Westrock

WestRock is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The company is one of the largest integrated producers of containerboard by tons produced, and one of the largest producers of high-graphics preprinted linerboard on the basis of net sales in North America.