Barclays Cuts Smurfit Westrock (NYSE:SW) Price Target to $47.00

Smurfit Westrock (NYSE:SW) had its price objective cut by stock analysts at Barclays from $63.00 to $47.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 32.30% from the company’s previous close.

Several other equities research analysts have also weighed in on SW. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on shares of Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Truist Financial dropped their price objective on shares of Smurfit Westrock from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price target on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, Seaport Res Ptn upgraded shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Smurfit Westrock currently has a consensus rating of “Buy” and an average target price of $55.30.

Smurfit Westrock Price Performance

Shares of SW stock traded down $0.29 during trading hours on Monday, hitting $35.52. The company had a trading volume of 2,575,427 shares, compared to its average volume of 4,019,508. Smurfit Westrock has a 12 month low of $35.00 and a 12 month high of $56.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.48. The firm’s fifty day moving average is $42.34 and its 200 day moving average is $43.66. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 24.87 and a beta of 1.11.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). Smurfit Westrock had a net margin of 2.40% and a return on equity of 6.21%. The company had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, sell-side analysts predict that Smurfit Westrock will post 3.25 EPS for the current fiscal year.

Institutional Trading of Smurfit Westrock

Institutional investors and hedge funds have recently made changes to their positions in the business. TD Waterhouse Canada Inc. boosted its position in shares of Smurfit Westrock by 113.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock worth $27,000 after purchasing an additional 340 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Smurfit Westrock in the first quarter valued at about $29,000. CYBER HORNET ETFs LLC acquired a new position in Smurfit Westrock in the second quarter valued at about $29,000. IMA Advisory Services Inc. bought a new position in Smurfit Westrock during the first quarter worth about $30,000. Finally, Root Financial Partners LLC acquired a new position in shares of Smurfit Westrock during the 3rd quarter worth about $33,000. Institutional investors 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.