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

Smurfit Westrock (NYSE:SW) had its price objective increased by analysts at Morgan Stanley from $60.00 to $64.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 27.11% from the company’s current price.

Several other analysts have also recently commented on SW. JPMorgan Chase & Co. decreased their target price on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Citigroup assumed coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective for the company. Jefferies Financial Group reiterated a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research report on Monday, July 29th. Wells Fargo & Company lowered their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Finally, Redburn Atlantic initiated coverage on Smurfit Westrock in a report on Friday, August 23rd. They set a “buy” rating and a $60.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Smurfit Westrock Price Performance

Shares of NYSE:SW traded down $0.64 during trading on Thursday, reaching $50.35. The stock had a trading volume of 1,255,338 shares, compared to its average volume of 5,206,708. The company has a market cap of $26.19 billion, a PE ratio of 279.74 and a beta of 1.04. Smurfit Westrock has a 52 week low of $38.55 and a 52 week high of $54.32. The firm has a 50-day simple moving average of $47.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SW. Mather Group LLC. acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in shares of Smurfit Westrock during the 3rd quarter valued at about $32,000. Waldron Private Wealth LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at approximately $35,000. Finally, Cromwell Holdings LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $42,000. Institutional investors own 83.38% of the company’s stock.

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.