Smurfit Westrock (NYSE:SW) Lowered to “Strong Sell” Rating by Zacks Research

Smurfit Westrock (NYSE:SW) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts also recently commented on SW. Wells Fargo & Company reduced their price objective on Smurfit Westrock from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Smurfit Westrock in a research note on Wednesday, October 8th. Seaport Res Ptn raised Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Barclays decreased their price target on shares of Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Smurfit Westrock has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Smurfit Westrock Stock Performance

NYSE SW opened at $33.66 on Tuesday. The company’s fifty day moving average is $40.45 and its two-hundred day moving average is $43.24. Smurfit Westrock has a 52-week low of $33.19 and a 52-week high of $56.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.48 and a quick ratio of 0.95. The firm has a market capitalization of $17.57 billion, a price-to-earnings ratio of 23.54 and a beta of 1.12.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.58 EPS 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 for the quarter, compared to analyst estimates of $7.89 billion. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Smurfit Westrock will post 3.25 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ethic Inc. increased its position in shares of Smurfit Westrock by 0.6% during the 2nd quarter. Ethic Inc. now owns 41,103 shares of the company’s stock worth $1,770,000 after purchasing an additional 254 shares in the last quarter. Moody National Bank Trust Division boosted its position in Smurfit Westrock by 1.7% in the second quarter. Moody National Bank Trust Division now owns 15,001 shares of the company’s stock valued at $647,000 after buying an additional 255 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in Smurfit Westrock by 1.9% during the second quarter. Legacy Wealth Asset Management LLC now owns 13,551 shares of the company’s stock worth $585,000 after buying an additional 258 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Smurfit Westrock by 4.1% during the second quarter. Benjamin Edwards Inc. now owns 6,776 shares of the company’s stock worth $292,000 after buying an additional 264 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Smurfit Westrock by 21.8% during the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $64,000 after buying an additional 267 shares in the last quarter. 83.38% of the stock is owned by institutional investors.

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.