Market Analysts see Smurfit WestRock plc [SW] gaining to $52. Time to buy?

Smurfit WestRock plc [NYSE: SW] traded at a low on Monday, posting a -2.58 loss after which it closed the day’ session at $47.55.

The results of the trading session contributed to over 10836579 shares changing hands. Over the past one week, the price volatility of Smurfit WestRock plc stands at 2.63% while the volatility over the past one month is 2.61%.

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The market cap for SW stock reached $12.32 billion, with 258.45 million shares outstanding and 248.36 million shares in the current float. Compared to the average trading volume of 6.28M shares, SW reached a trading volume of 10836579 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Smurfit WestRock plc [SW]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SW shares is $57.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SW stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Smurfit WestRock plc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 29, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on July 19, 2024, representing the official price target for Smurfit WestRock plc stock. Previously, the target price had yet another raise to $52, while RBC Capital Mkts analysts kept a Sector Perform rating on SW stock.

The Average True Range (ATR) for Smurfit WestRock plc is set at 1.44, with the Price to Sales ratio for SW stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 2.00, with the Price to Cash per share for the same quarter was set at 3.86. Price to Free Cash Flow for SW in the course of the last twelve months was 16.16 with Quick ratio for the last quarter at 1.13.

How has SW stock performed recently?

Smurfit WestRock plc [SW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.94. With this latest performance, SW shares gained by 0.19% in over the last four-week period, additionally plugging by 27.11% over the last 6 months – not to mention a rise of 33.04% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SW stock in for the last two-week period is set at 51.51, with the RSI for the last a single of trading hit 51.59. The present Moving Average recorded at 48.40 for the last single week of trading.

Smurfit WestRock plc [SW]: Deeper insight into the fundamentals

Smurfit WestRock plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.13 and a Current Ratio set at 1.51.

Insider trade positions for Smurfit WestRock plc [SW]

The top three institutional holders of SW stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in SW stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in SW stock with ownership which is approximately 5.1238%.

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