Smurfit Westrock (NYSE:SW) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Smurfit Westrock (NYSE:SW) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating and a $57.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 25.45% from the company’s current price.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada lowered their price objective on Smurfit Westrock from $54.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Zacks Research raised Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $57.00 price target on shares of Smurfit Westrock in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a research report on Friday, May 29th. Finally, UBS Group dropped their price target on shares of Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

Smurfit Westrock Trading Up 2.8%

Shares of SW opened at $45.44 on Tuesday. Smurfit Westrock has a 52-week low of $32.73 and a 52-week high of $52.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. The business’s fifty day moving average is $40.92 and its 200-day moving average is $41.43. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 63.11 and a beta of 0.96.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. Equities analysts anticipate that Smurfit Westrock will post 2.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Smurfit Westrock

Several large investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its position in Smurfit Westrock by 79,790.6% in the fourth quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock worth $5,459,000 after acquiring an additional 127,665 shares in the last quarter. BIP Wealth LLC purchased a new position in Smurfit Westrock in the 4th quarter worth approximately $2,412,000. Tounjian Advisory Partners LLC purchased a new position in shares of Smurfit Westrock in the third quarter worth $958,000. Barclays PLC raised its stake in shares of Smurfit Westrock by 152.2% during the third quarter. Barclays PLC now owns 5,269,743 shares of the company’s stock valued at $224,333,000 after acquiring an additional 3,180,531 shares during the last quarter. Finally, Distillate Capital Partners LLC purchased a new stake in Smurfit Westrock in the 3rd quarter worth approximately $15,001,000. Hedge funds and other 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.