Royal Bank of Canada Reaffirms Outperform Rating for Smurfit Westrock (NYSE:SW)

Smurfit Westrock (NYSE:SW - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Royal Bank of Canada in a report issued on Friday,Benzinga reports. They presently have a $58.00 price target on the stock. Royal Bank of Canada's target price would suggest a potential upside of 12.27% from the stock's current price.

Several other analysts have also issued reports on SW. Citigroup initiated coverage on Smurfit Westrock in a report on Wednesday, October 23rd. They set a "buy" rating and a $57.00 price objective for the company. Wells Fargo & Company cut their price objective on Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, October 7th. Morgan Stanley increased their price objective on Smurfit Westrock from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday. Redburn Atlantic initiated coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a "buy" rating and a $60.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on Smurfit Westrock from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Smurfit Westrock presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

Smurfit Westrock Stock Up 3.2 %

Shares of SW traded up $1.60 during mid-day trading on Friday, reaching $51.66. The company's stock had a trading volume of 3,026,183 shares, compared to its average volume of 5,231,723. The company has a fifty day moving average price of $47.49. The company has a market cap of $26.87 billion, a P/E ratio of 284.17 and a beta of 1.04. Smurfit Westrock has a 1 year low of $38.55 and a 1 year high of $54.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48.

Institutional Investors Weigh In On Smurfit Westrock

Several hedge funds and other institutional investors have recently made changes to their positions in the business. 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 third quarter worth about $26,000. ORG Wealth Partners LLC acquired a new stake in Smurfit Westrock during the third quarter worth about $32,000. Waldron Private Wealth LLC acquired a new stake in Smurfit Westrock during the third quarter worth about $35,000. Finally, Cromwell Holdings LLC acquired a new stake in Smurfit Westrock during the third quarter worth about $42,000. 83.38% of the stock is owned by institutional investors and hedge funds.

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.