Smurfit Westrock Target of Unusually High Options Trading (NYSE:SW)

Smurfit Westrock Ltd (NYSE:SW) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 20,083 call options on the stock. This is an increase of 21,969% compared to the average volume of 91 call options.

Analyst Upgrades and Downgrades

SW has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Redburn Atlantic started coverage on Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $52.00 price target on shares of Smurfit Westrock in a research report on Wednesday, July 31st. Morgan Stanley initiated coverage on Smurfit Westrock in a report on Friday, July 19th. They issued an “overweight” rating and a $60.00 price objective for the company. Finally, Jefferies Financial Group restated a “hold” rating and set a $52.00 target price on shares of Smurfit Westrock in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.80.

Smurfit Westrock Stock Up 1.1 %

NYSE:SW opened at $47.86 on Thursday. Smurfit Westrock has a 12-month low of $38.55 and a 12-month high of $49.50. The company has a market capitalization of $24.86 billion, a price-to-earnings ratio of 40.22 and a beta of 1.05. The company has a 50 day simple moving average of $44.82.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). Smurfit Westrock had a net margin of 1.36% and a return on equity of 7.13%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $7.91 billion. On average, equities research analysts forecast that Smurfit Westrock will post 2.58 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, September 18th. Investors of record on Thursday, August 15th were issued a dividend of $0.3025 per share. This represents a dividend yield of 2.5%. The ex-dividend date was Thursday, August 15th. Smurfit Westrock’s payout ratio is 101.68%.

Smurfit Westrock Company Profile

WestRock is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The company is one of the largest integrated producers of containerboard by tons produced, and one of the largest producers of high-graphics preprinted linerboard on the basis of net sales in North America.