Smurfit WestRock plc (NYSE: SW) – Suitable For Long Term Buy?

Currently, there are 258.45M common shares owned by the public and among those 248.36M shares have been available to trade.

The company’s stock has a 5-day price change of -0.94% and 15.50% over the past three months. SW shares are trading 16.52% year to date (YTD), with the 12-month market performance up to 33.04% higher. It has a 12-month low price of $30.62 and touched a high of $50.13 over the same period. SW has an average intraday trading volume of 6.28 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.72%, 3.55%, and 21.46% respectively.

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Institutional ownership of Smurfit WestRock plc (NYSE: SW) shares accounts for 97.08% of the company’s 258.45M shares outstanding.

It has a market capitalization of $12.32B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 15.09, while the earnings-per-share (ttm) stands at $3.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.63% over the week and 2.61% over the month.

Earnings per share for the fiscal year are expected to decrease by -17.69%, and 38.50% over the next financial year.

Looking at the support for the SW, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on Jul-30-24, with the firm’s price target at $52. Morgan Stanley coverage for the Smurfit WestRock plc (SW) stock in a research note released on July 19, 2024 offered a Overweight rating with a price target of $60. RBC Capital Mkts was of a view on July 12, 2024 that the stock is Sector Perform, while JP Morgan gave the stock Overweight rating on July 12, 2024, issuing a price target of $66. Stifel on their part issued Buy rating on July 09, 2024.

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