Smurfit Westrock (NYSE:SW) Stock Price Expected to Rise, Citigroup Analyst Says

Smurfit Westrock (NYSE:SW) had its price target hoisted by Citigroup from $61.00 to $62.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 19.05% from the company’s current price.

SW has been the subject of several other research reports. Barclays boosted their target price on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Argus assumed coverage on shares of Smurfit Westrock in a research report on Thursday, December 5th. They set a “buy” rating and a $62.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $58.00 target price on shares of Smurfit Westrock in a report on Friday, November 15th. Morgan Stanley lifted their price target on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.56.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $52.08 on Monday. The company has a fifty day simple moving average of $53.35. The firm has a market capitalization of $27.09 billion, a PE ratio of 289.35 and a beta of 1.03. Smurfit Westrock has a 1-year low of $38.55 and a 1-year high of $56.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48.

Insider Transactions at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Trading of Smurfit Westrock

Hedge funds have recently made changes to their positions in the company. AMF Tjanstepension AB acquired a new position in shares of Smurfit Westrock during the third quarter worth about $8,519,000. Czech National Bank acquired a new position in Smurfit Westrock during the 3rd quarter worth approximately $4,967,000. SG Americas Securities LLC purchased a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $843,000. Park Avenue Securities LLC purchased a new position in shares of Smurfit Westrock during the 3rd quarter worth approximately $561,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at approximately $249,000. 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.