Sylvamo (NYSE:SLVM) Price Target Raised to $49.00

Sylvamo (NYSE:SLVM) had its price objective increased by stock analysts at Royal Bank Of Canada from $47.00 to $49.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 16.13% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Zacks Research upgraded shares of Sylvamo to a “strong sell” rating in a report on Monday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Sylvamo currently has an average rating of “Reduce” and an average target price of $56.50.

Sylvamo Price Performance

Shares of SLVM stock traded down $0.88 during trading hours on Monday, reaching $42.20. The stock had a trading volume of 125,315 shares, compared to its average volume of 362,632. Sylvamo has a 12 month low of $37.51 and a 12 month high of $98.02. The stock’s fifty day simple moving average is $43.16 and its 200 day simple moving average is $48.44. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.70 billion, a PE ratio of 9.64 and a beta of 0.96.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Friday, November 7th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.13). Sylvamo had a return on equity of 19.72% and a net margin of 5.25%.The business had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $840.32 million. During the same period in the previous year, the firm posted $2.44 EPS. The firm’s revenue for the quarter was down 12.3% compared to the same quarter last year. On average, equities research analysts predict that Sylvamo will post 7.45 EPS for the current year.

Institutional Trading of Sylvamo

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC increased its position in shares of Sylvamo by 248.4% during the 1st quarter. Jane Street Group LLC now owns 174,648 shares of the company’s stock valued at $11,714,000 after purchasing an additional 124,521 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Sylvamo during the 2nd quarter valued at $445,000. Strs Ohio acquired a new stake in shares of Sylvamo during the first quarter worth $838,000. Victory Capital Management Inc. grew its stake in Sylvamo by 351.8% during the 1st quarter. Victory Capital Management Inc. now owns 166,844 shares of the company’s stock valued at $11,190,000 after purchasing an additional 129,916 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Sylvamo during the 1st quarter worth approximately $6,371,000. Institutional investors own 91.16% of the company’s stock.

Sylvamo Company Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.