Smurfit Westrock (NYSE:SW) Price Target Raised to $68.00 at Barclays

Smurfit Westrock (NYSE:SW) had its price target lifted by research analysts at Barclays from $60.00 to $68.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 27.70% from the stock’s current price.

A number of other brokerages have also recently issued reports on SW. Wells Fargo & Company dropped their target price 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. Argus initiated coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They issued a “buy” rating and a $62.00 target price for the company. Morgan Stanley increased their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Redburn Atlantic started coverage on shares of Smurfit Westrock in a report on Friday, August 23rd. They issued a “buy” rating and a $60.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Smurfit Westrock has an average rating of “Moderate Buy” and an average target price of $60.00.

Smurfit Westrock Stock Down 0.3 %

NYSE SW traded down $0.18 during trading hours on Wednesday, hitting $53.25. 960,333 shares of the stock were exchanged, compared to its average volume of 4,936,158. The company has a market cap of $27.70 billion, a P/E ratio of 296.02 and a beta of 1.04. Smurfit Westrock has a 12-month low of $38.55 and a 12-month high of $56.99. The stock has a 50-day moving average of $50.32. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73.

Insider Activity at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now owns 149,911 shares in the company, valued at $8,221,119.24. The trade was a 14.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Smurfit Westrock

A number of institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $25,000. CVA Family Office LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $26,000. ORG Wealth Partners LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $32,000. Waldron Private Wealth LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $35,000. Finally, Cromwell Holdings LLC bought a new stake in shares of Smurfit Westrock in the 3rd quarter worth about $42,000. Institutional investors and hedge funds 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.