Smurfit Westrock (NYSE:SW) Price Target Cut to $65.00 by Analysts at JPMorgan Chase & Co.

Smurfit Westrock (NYSE:SW) had its price target decreased by JPMorgan Chase & Co. from $66.00 to $65.00 in a research note released on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

SW has been the topic of several other reports. Morgan Stanley initiated coverage on shares of Smurfit Westrock in a research report on Friday, July 19th. They issued an overweight rating and a $60.00 price target on the stock. Royal Bank of Canada reaffirmed a sector perform rating and set a $52.00 price objective on shares of Smurfit Westrock in a report on Wednesday. Finally, Jefferies Financial Group reaffirmed a hold rating and set a $52.00 price objective on shares of Smurfit Westrock in a report on Monday, July 29th.

Smurfit Westrock Stock Performance

NYSE SW opened at $41.78 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 0.85 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 1.42 and a beta of 1.05. Smurfit Westrock has a 52-week low of $41.30 and a 52-week high of $49.50.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.14. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.78 billion. Smurfit Westrock had a net margin of 1.36% and a return on equity of 5.96%. Research analysts predict that Smurfit Westrock will post 2.72 EPS for the current year.

Smurfit Westrock Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.3025 per share. This represents a dividend yield of 2.5%. The ex-dividend date is Thursday, August 15th. Smurfit Westrock’s payout ratio is 101.68%.

Smurfit Westrock Company Profile

WestRock is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The company is one of the largest integrated producers of containerboard by tons produced, and one of the largest producers of high-graphics preprinted linerboard on the basis of net sales in North America.