Smurfit Westrock (NYSE:SW) Given New $69.00 Price Target at JPMorgan Chase & Co.

Smurfit Westrock (NYSE:SW) had its price objective upped by JPMorgan Chase & Co. from $65.00 to $69.00 in a research note issued to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other brokerages also recently weighed in on SW. Citigroup started coverage on Smurfit Westrock in a research note on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price for the company. Redburn Atlantic began coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 target price on the stock. Morgan Stanley upped their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Wells Fargo & Company dropped their price objective on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Smurfit Westrock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.57.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $55.01 on Friday. The firm has a market cap of $28.61 billion, a price-to-earnings ratio of 305.63 and a beta of 1.04. The stock’s fifty day moving average price is $49.48. Smurfit Westrock has a fifty-two week low of $38.55 and a fifty-two week high of $56.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48.

Smurfit Westrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be given a dividend of $0.3025 per share. The ex-dividend date is Friday, November 15th. This represents a $1.21 annualized dividend and a dividend yield of 2.20%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 672.26%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new position in Smurfit Westrock during the 3rd quarter valued at about $25,000. CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Smurfit Westrock during the third quarter worth approximately $32,000. Waldron Private Wealth LLC bought a new position in shares of Smurfit Westrock in the third quarter valued at approximately $35,000. Finally, Cromwell Holdings LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter worth approximately $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.