Sylvamo Corporation (NYSE:SLVM) Given Consensus Recommendation of “Reduce” by Brokerages

Sylvamo Corporation (NYSE:SLVM) has earned an average rating of “Reduce” from the five analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $46.6667.

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

Sylvamo Trading Down 0.1%

SLVM opened at $36.89 on Wednesday. The firm has a market cap of $1.47 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.33 and a beta of 0.87. Sylvamo has a 12 month low of $35.53 and a 12 month high of $56.80. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average of $38.38 and a 200 day moving average of $41.14.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Sylvamo

Institutional investors and hedge funds have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Sylvamo in the 2nd quarter valued at $1,001,000. California State Teachers Retirement System boosted its stake in shares of Sylvamo by 3,572.4% during the second quarter. California State Teachers Retirement System now owns 1,545,113 shares of the company’s stock valued at $58,405,000 after purchasing an additional 1,503,039 shares during the period. Nykredit A S bought a new position in shares of Sylvamo in the second quarter worth about $33,000. Van ECK Associates Corp increased its stake in Sylvamo by 3.2% in the 2nd quarter. Van ECK Associates Corp now owns 13,428 shares of the company’s stock worth $508,000 after buying an additional 411 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Sylvamo during the 2nd quarter valued at about $68,000. 91.16% of the stock is owned by institutional investors.

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.