Smurfit Westrock (NYSE:SW) Shares Gap Down - Should You Sell?

Smurfit Westrock Ltd (NYSE:SW - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $54.88, but opened at $53.40. Smurfit Westrock shares last traded at $54.12, with a volume of 360,514 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SW shares. Citigroup increased their target price on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Wells Fargo & Company cut their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Monday, October 7th. Argus initiated coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They issued a "buy" rating and a $62.00 price target for the company. Barclays lifted their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Finally, Truist Financial started coverage on Smurfit Westrock in a report on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Smurfit Westrock has a consensus rating of "Moderate Buy" and an average target price of $60.70.

Smurfit Westrock Trading Down 0.8 %

The stock has a market capitalization of $28.31 billion, a P/E ratio of 302.33 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The business has a fifty day moving average price of $53.96.

Smurfit Westrock (NYSE:SW - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.23). The business had revenue of $7.67 billion during the quarter, compared to analysts' expectations of $8.04 billion. Smurfit Westrock had a positive return on equity of 5.98% and a negative net margin of 0.12%. During the same quarter last year, the business posted $0.81 EPS. Sell-side analysts expect that Smurfit Westrock Ltd will post 2.65 EPS for the current fiscal year.

Insider Activity

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction 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 $8,221,119.24. This represents a 14.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Smurfit Westrock

A number of large investors have recently made changes to their positions in SW. Mather Group LLC. bought a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $25,000. Retirement Wealth Solutions LLC bought a new position in Smurfit Westrock in the fourth quarter worth $25,000. CVA Family Office LLC bought a new stake in shares of Smurfit Westrock during the 3rd quarter valued at $26,000. Versant Capital Management Inc purchased a new stake in shares of Smurfit Westrock in the 4th quarter worth about $27,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock worth $28,000 after acquiring an additional 279 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors.

Smurfit Westrock Company Profile

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.