Smurfit Westrock (NYSE:SW) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Smurfit Westrock (NYSE:SW) had its target price upped by JPMorgan Chase & Co. from $65.00 to $69.00 in a research note issued to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the company. Morgan Stanley increased their price target on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Redburn Atlantic assumed coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 target price on the stock. Wells Fargo & Company cut their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Finally, Citigroup assumed coverage on shares of Smurfit Westrock in a research note on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.57.

Smurfit Westrock Trading Up 0.5 %

Shares of NYSE:SW opened at $55.02 on Friday. Smurfit Westrock has a twelve month low of $38.55 and a twelve month high of $56.99. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The firm has a market cap of $28.62 billion, a price-to-earnings ratio of 305.67 and a beta of 1.04. The stock has a 50 day moving average of $49.48.

Smurfit Westrock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 672.22%.

Institutional Investors Weigh In On Smurfit Westrock

Several hedge funds have recently made changes to their positions in the company. State Street Corp acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $967,582,000. Geode Capital Management LLC purchased a new position in shares of Smurfit Westrock during the third quarter valued at $627,244,000. FMR LLC acquired a new position in Smurfit Westrock during the third quarter valued at $431,653,000. Mizuho Securities USA LLC purchased a new stake in Smurfit Westrock in the 3rd quarter worth about $386,712,000. Finally, Soros Fund Management LLC acquired a new stake in Smurfit Westrock during the 3rd quarter worth about $340,848,000. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Company Profile

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.