Sylvamo Corporation (NYSE:SLVM) Receives $46.67 Consensus Target Price from Brokerages

Shares of Sylvamo Corporation (NYSE:SLVM) have been assigned a consensus recommendation of “Reduce” from the five analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $46.6667.

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada cut their target price on shares of Sylvamo from $49.00 to $46.00 and set a “sector perform” rating for the company in a research report on Friday, July 17th. Zacks Research lowered Sylvamo from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Wall Street Zen upgraded shares of Sylvamo from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Bank of America restated a “neutral” rating and issued a $45.00 price objective on shares of Sylvamo in a research report on Tuesday, July 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sylvamo in a research note on Friday, August 7th.

Insider Buying and Selling

In related news, Director Lizanne M. Bruce sold 1,230 shares of Sylvamo stock in a transaction on Monday, June 15th. The shares were sold at an average price of $41.70, for a total value of $51,291.00. Following the transaction, the director owned 14,475 shares in the company, valued at $603,607.50. This trade represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sylvamo

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Sylvamo by 49.4% in the 1st quarter. Royal Bank of Canada now owns 22,853 shares of the company’s stock worth $1,532,000 after purchasing an additional 7,556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Sylvamo by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,690 shares of the company’s stock valued at $1,388,000 after purchasing an additional 893 shares during the period. Empowered Funds LLC boosted its stake in shares of Sylvamo by 16.9% during the first quarter. Empowered Funds LLC now owns 17,730 shares of the company’s stock valued at $1,189,000 after purchasing an additional 2,557 shares during the period. Intech Investment Management LLC grew its holdings in shares of Sylvamo by 25.9% in the first quarter. Intech Investment Management LLC now owns 18,140 shares of the company’s stock worth $1,217,000 after purchasing an additional 3,727 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Sylvamo by 23.1% in the second quarter. Russell Investments Group Ltd. now owns 24,621 shares of the company’s stock worth $1,234,000 after purchasing an additional 4,613 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Sylvamo Price Performance

Shares of NYSE:SLVM opened at $36.80 on Wednesday. Sylvamo has a fifty-two week low of $35.53 and a fifty-two week high of $56.80. The company’s 50-day moving average is $38.54 and its 200 day moving average is $41.31. The company has a market capitalization of $1.46 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.80 and a current ratio of 1.47.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Sylvamo had a net margin of 2.31% and a return on equity of 8.36%. The company had revenue of $806.00 million during the quarter, compared to analyst estimates of $811.25 million. During the same quarter last year, the business posted $0.37 EPS. Sylvamo’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Sylvamo will post 1.53 earnings per share for the current year.

Sylvamo Company Profile

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.