Smurfit Westrock (NYSE:SW) Price Target Raised to $69.00

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

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

Smurfit Westrock Trading Up 0.5 %

Shares of NYSE SW opened at $55.01 on Friday. Smurfit Westrock has a 1-year low of $38.55 and a 1-year high of $56.99. The business has a 50-day moving average of $49.48. The company has a market capitalization of $28.61 billion, a P/E ratio of 305.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 15th will be paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s payout ratio is 672.26%.

Institutional Investors Weigh In On Smurfit Westrock

Large investors have recently bought and sold shares of the company. Mather Group LLC. bought a new stake in shares of Smurfit Westrock in the third quarter worth about $25,000. CVA Family Office LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new position in Smurfit Westrock in the third quarter valued at approximately $32,000. Waldron Private Wealth LLC acquired a new position in shares of Smurfit Westrock in the third quarter valued at approximately $35,000. Finally, Cromwell Holdings LLC bought a new stake in shares of Smurfit Westrock during the third quarter worth $42,000. Institutional investors 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.