Smurfit Westrock (NYSE:SW) Now Covered by Analysts at Truist Financial

Analysts at Truist Financial began coverage on shares of Smurfit Westrock (NYSE:SW) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $62.00 price target on the stock. Truist Financial’s price target suggests a potential upside of 17.08% from the stock’s current price.

Several other research firms have also commented on SW. Citigroup increased their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Wells Fargo & Company cut 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 report on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Barclays increased their target price on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.70.

Smurfit Westrock Stock Up 1.4 %

SW stock opened at $52.95 on Tuesday. The firm has a 50 day moving average of $53.58. Smurfit Westrock has a twelve month low of $38.55 and a twelve month high of $56.99. The company has a market capitalization of $27.54 billion, a price-to-earnings ratio of 294.20 and a beta of 1.03. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.73.

Insider Transactions at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock 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 sale, the insider now owns 149,911 shares of the company’s stock, valued at approximately $8,221,119.24. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Smurfit Westrock

A number of hedge funds have recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in Smurfit Westrock during the third quarter valued at $25,000. Retirement Wealth Solutions LLC bought a new position in Smurfit Westrock in the 4th quarter valued at $25,000. CVA Family Office LLC purchased a new stake in Smurfit Westrock in the 3rd quarter valued at about $26,000. Versant Capital Management Inc purchased a new position in shares of Smurfit Westrock in the 4th quarter valued at $27,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock worth $28,000 after purchasing an additional 279 shares during the last quarter. Hedge funds and other 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.