Smurfit Westrock (NYSE:SW) Sets New 52-Week High – Should You Buy?

Smurfit Westrock Ltd (NYSE:SW)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $55.54 and last traded at $54.94, with a volume of 3170306 shares traded. The stock had previously closed at $53.16.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Smurfit Westrock in a report on Monday, July 29th. JPMorgan Chase & Co. dropped their price objective 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. Wells Fargo & Company lowered 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. Redburn Atlantic began coverage on Smurfit Westrock in a research note on Friday, August 23rd. They set a “buy” rating and a $60.00 price objective for the company. Finally, Citigroup started coverage on Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Smurfit Westrock Stock Up 3.6 %

The stock’s 50 day moving average price is $48.01. The firm has a market capitalization of $28.65 billion, a price-to-earnings ratio of 295.24 and a beta of 1.04. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73.

Smurfit Westrock Announces Dividend

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

Hedge Funds Weigh In On Smurfit Westrock

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