Smurfit Westrock Ltd (NYSE:SW) Receives $60.00 Average Price Target from Analysts

Shares of Smurfit Westrock Ltd (NYSE:SW - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $60.00.

Several research analysts recently weighed in on SW shares. Morgan Stanley increased their price objective 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 reissued an "outperform" rating and set a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. JPMorgan Chase & Co. upped their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. Wells Fargo & Company decreased their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating on the stock in a report on Monday, October 7th. Finally, Citigroup initiated coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a "buy" rating and a $57.00 target price on the stock.

Insiders Place Their Bets

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the sale, the insider now owns 149,911 shares of the company's stock, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SW. Mather Group LLC. acquired a new stake in Smurfit Westrock during the third quarter worth about $25,000. CVA Family Office LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth approximately $26,000. ORG Wealth Partners LLC purchased a new position in Smurfit Westrock in the third quarter valued at approximately $32,000. Waldron Private Wealth LLC acquired a new position in Smurfit Westrock during the third quarter valued at approximately $35,000. Finally, Cromwell Holdings LLC purchased a new stake in Smurfit Westrock during the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock traded up $2.10 during trading on Friday, hitting $53.28. 10,227,779 shares of the company's stock were exchanged, compared to its average volume of 4,939,914. The company has a market cap of $27.71 billion, a PE ratio of 296.02 and a beta of 1.04. Smurfit Westrock has a 52-week low of $38.55 and a 52-week high of $56.99. The firm's 50-day simple moving average is $51.41. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock's dividend payout ratio is presently 672.22%.

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.