Smurfit Westrock (NYSE:SW) Sets New 12-Month High – What’s Next?

Shares of Smurfit Westrock Ltd (NYSE:SW) reached a new 52-week high during trading on Wednesday . The company traded as high as $54.32 and last traded at $53.22, with a volume of 67216 shares changing hands. The stock had previously closed at $51.82.

Analysts Set New Price Targets

A number of research firms have commented on SW. Wells Fargo & Company reduced their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Royal Bank of Canada raised Smurfit Westrock from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $52.00 to $58.00 in a research report on Thursday, October 31st. Redburn Atlantic assumed coverage on Smurfit Westrock in a research report on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price for the company. Morgan Stanley initiated coverage on Smurfit Westrock in a report on Friday, July 19th. They set an “overweight” rating and a $60.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.43.

Smurfit Westrock Stock Performance

The firm has a fifty day simple moving average of $46.99. The company has a market capitalization of $27.41 billion, a P/E ratio of 296.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s payout ratio is 672.26%.

Institutional Investors Weigh In On Smurfit Westrock

Hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new stake in Smurfit Westrock in the third quarter worth approximately $25,000. CVA Family Office LLC purchased a new position in shares of Smurfit Westrock during the third quarter valued at approximately $26,000. ORG Wealth Partners LLC purchased a new position in shares of Smurfit Westrock during the third quarter valued at approximately $32,000. Waldron Private Wealth LLC purchased a new position in shares of Smurfit Westrock during the third quarter valued at approximately $35,000. Finally, Cromwell Holdings LLC purchased a new position in Smurfit Westrock in the third quarter worth $42,000. 83.38% of the stock is currently owned by institutional investors.

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.