Morgan Stanley Forecasts Strong Price Appreciation for Smurfit Westrock (NYSE:SW) Stock

Smurfit Westrock (NYSE:SW) had its price objective lifted by Morgan Stanley from $60.00 to $64.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

SW has been the subject of a number of other research reports. Royal Bank of Canada upgraded shares of Smurfit Westrock from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $52.00 to $58.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Redburn Atlantic started 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. Citigroup started coverage on Smurfit Westrock in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $57.00 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.00.

Smurfit Westrock Stock Performance

Shares of Smurfit Westrock stock traded up $1.07 during trading on Thursday, hitting $51.12. 1,523,247 shares of the stock were exchanged, compared to its average volume of 5,214,480. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. Smurfit Westrock has a 12 month low of $38.55 and a 12 month high of $54.32. The company has a fifty day moving average of $47.49. The stock has a market cap of $26.59 billion, a PE ratio of 284.17 and a beta of 1.04.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, November 15th. Smurfit Westrock’s dividend payout ratio is 672.22%.

Institutional Trading of Smurfit Westrock

A number of large investors have recently bought and sold shares of the stock. Mather Group LLC. acquired a new position in Smurfit Westrock in the third quarter valued at about $25,000. CVA Family Office LLC bought a new position in shares of Smurfit Westrock in the third quarter valued at approximately $26,000. ORG Wealth Partners LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $32,000. Waldron Private Wealth LLC bought a new stake in Smurfit Westrock during the 3rd quarter worth approximately $35,000. Finally, Cromwell Holdings LLC acquired a new stake in Smurfit Westrock during the 3rd quarter valued at $42,000. 83.38% of the stock is currently owned by institutional investors.

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.