DS Smith (LON:SMDS) Sets New 52-Week High – Still a Buy?

Shares of DS Smith Plc (LON:SMDS) reached a new 52-week high on Tuesday . The stock traded as high as GBX 603 ($7.45) and last traded at GBX 601 ($7.42), with a volume of 5287961 shares traded. The stock had previously closed at GBX 588.50 ($7.27).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 550 ($6.79) target price on shares of DS Smith in a research note on Friday, December 6th.

DS Smith Trading Up 0.7 %

The company has a debt-to-equity ratio of 70.02, a quick ratio of 0.59 and a current ratio of 0.86. The firm has a market cap of £8.32 billion, a P/E ratio of 2,153.57, a P/E/G ratio of 1.06 and a beta of 0.87. The firm has a 50 day simple moving average of GBX 563.66 and a 200 day simple moving average of GBX 495.96.

DS Smith (LON:SMDS) last issued its quarterly earnings data on Thursday, December 5th. The company reported GBX 8.30 ($0.10) earnings per share (EPS) for the quarter. DS Smith had a return on equity of 9.58% and a net margin of 5.64%. On average, equities research analysts predict that DS Smith Plc will post 31.7782285 EPS for the current fiscal year.

DS Smith Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 29th. Investors of record on Thursday, December 12th will be paid a GBX 6.20 ($0.08) dividend. The ex-dividend date is Thursday, December 12th. This represents a yield of 1.07%. DS Smith’s dividend payout ratio is presently 6,428.57%.

About DS Smith

DS Smith Plc provides packaging solutions, paper products, and recycling services worldwide. The company offers transit and transport, consumer, retail and shelf ready, heavy duty, fiber base pallets, automotive standard, multi-material, dangerous goods, and e-commerce packaging, as well as packaging for food and drinks, health and beauty, apparel and footwear, home and DIY, and consumer electronics.