Smurfit Westrock (NYSE:SW) Given New $64.00 Price Target at Barclays

Smurfit Westrock (NYSE:SW) had its price objective cut by Barclays from $68.00 to $64.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

SW has been the topic of several other reports. Wells Fargo & Company cut their target price on shares of Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada cut their target price on shares of Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Truist Financial cut their target price on shares of Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley dropped their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.20.

Smurfit Westrock Price Performance

Shares of SW opened at $46.01 on Tuesday. Smurfit Westrock has a fifty-two week low of $37.01 and a fifty-two week high of $56.99. The firm’s 50 day moving average price is $42.76 and its 200 day moving average price is $49.52. The company has a market cap of $24.02 billion, a P/E ratio of 83.66 and a beta of 1.00. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last announced its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.41 billion. The firm’s revenue was up 161.3% on a year-over-year basis. On average, research analysts forecast that Smurfit Westrock will post 3.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Smurfit Westrock

In other news, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the transaction, the insider now owns 44,361 shares in the company, valued at approximately $2,391,057.90. This represents a 8.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Irial Finan bought 15,180 shares of the stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $39.21 per share, with a total value of $595,207.80. Following the acquisition, the director now owns 54,893 shares in the company, valued at approximately $2,152,354.53. This represents a 38.22% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Retirement Wealth Solutions LLC acquired a new position in shares of Smurfit Westrock in the 4th quarter valued at $25,000. MassMutual Private Wealth & Trust FSB boosted its stake in Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Smurfit Westrock during the 1st quarter worth $29,000. Deseret Mutual Benefit Administrators acquired a new stake in Smurfit Westrock during the 4th quarter worth $30,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in Smurfit Westrock during the 4th quarter worth $30,000. Institutional investors and hedge funds 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.