why Smurfit WestRock plc [SW] is a Good Choice for Investors After New Price Target of $56.95

HOOK Stock

Smurfit WestRock plc [NYSE: SW] gained 4.74% or 2.11 points to close at $46.65 with a heavy trading volume of 3394914 shares.

The daily chart for SW points out that the company has recorded 19.10% gains over the past six months.

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If we look at the average trading volume of 4.58M shares, SW reached to a volume of 3394914 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $56.95 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 1.76. 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.

Citigroup have made an estimate for Smurfit WestRock plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on Oct-24-24. While these analysts kept the previous recommendation, Redburn Atlantic raised their target price to Buy. The new note on the price target was released on August 23, 2024, representing the official price target for Smurfit WestRock plc stock. Previously, the target price had yet another raise to $52, while Jefferies analysts kept a Hold rating on SW stock.

The Average True Range (ATR) for Smurfit WestRock plc is set at 1.24, with the Price to Sales ratio for SW stock in the period of the last 12 months amounting to 1.03. The Price to Book ratio for the last quarter was 2.06, with the Price to Cash per share for the same quarter was set at 0.00. Price to Free Cash Flow for SW in the course of the last twelve months was 15.86 with Quick ratio for the last quarter at 1.92.

Trading performance analysis for SW stock

Smurfit WestRock plc [SW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.78. With this latest performance, SW shares dropped by -1.79% in over the last four-week period, additionally plugging by 19.10% over the last 6 months – not to mention a rise of 29.19% 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 54.18, with the RSI for the last a single of trading hit 57.99, and the three-weeks RSI is set at 52.83 for Smurfit WestRock plc [SW]. The present Moving Average for the last 50 days of trading for this stock 45.81, while it was recorded at 44.63 for the last single week of trading.

Smurfit WestRock plc [SW]: A deeper dive into fundamental analysis

Smurfit WestRock plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.92 and a Current Ratio set at 2.30.

Smurfit WestRock plc [SW]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Smurfit WestRock plc go to 5.00%.

An analysis of Institutional ownership at Smurfit WestRock plc [SW]