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

Smurfit Westrock (NYSE:SW) had its price objective lifted by analysts at Citigroup from $61.00 to $62.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 19.05% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Barclays raised their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Morgan Stanley raised their price target on Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Argus began coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They issued a “buy” rating and a $62.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.56.

Smurfit Westrock Trading Down 2.4 %

Shares of Smurfit Westrock stock opened at $52.08 on Monday. The firm has a 50-day moving average of $53.35. Smurfit Westrock has a 12-month low of $38.55 and a 12-month 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. The stock has a market capitalization of $27.09 billion, a PE ratio of 289.35 and a beta of 1.03.

Insider Activity at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the transaction, the insider now directly owns 149,911 shares in the company, valued at approximately $8,221,119.24. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Trading of Smurfit Westrock

A number of hedge funds have recently added to or reduced their stakes in the business. AMF Tjanstepension AB acquired a new position in shares of Smurfit Westrock during the 3rd quarter valued at about $8,519,000. Czech National Bank purchased a new stake in Smurfit Westrock in the third quarter valued at approximately $4,967,000. SG Americas Securities LLC acquired a new position in Smurfit Westrock during the third quarter worth approximately $843,000. Park Avenue Securities LLC acquired a new position in Smurfit Westrock during the third quarter worth approximately $561,000. Finally, GAMMA Investing LLC purchased a new position in Smurfit Westrock during the third quarter worth approximately $249,000. 83.38% of the stock is owned by institutional investors and hedge funds.

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.