Sylvamo (NYSE:SLVM) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Sylvamo (NYSE:SLVM) from a sell rating to a hold rating in a research note released on Sunday.

Several other brokerages have also recently issued reports on SLVM. Zacks Research cut shares of Sylvamo from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Bank of America restated a “neutral” rating and issued a $45.00 price objective on shares of Sylvamo in a research note on Tuesday, July 14th. Royal Bank Of Canada dropped their price objective on Sylvamo from $49.00 to $46.00 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Weiss Ratings cut Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Truist Financial reduced their target price on Sylvamo from $54.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $47.33.

Sylvamo Trading Up 0.2%

SLVM opened at $37.50 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.45. Sylvamo has a one year low of $35.53 and a one year high of $56.80. The company has a market cap of $1.49 billion, a P/E ratio of 14.82, a PEG ratio of 0.92 and a beta of 0.87. The business’s 50-day simple moving average is $38.83 and its 200-day simple moving average is $42.61.

Sylvamo (NYSE:SLVM) last posted its earnings results on Friday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.28). Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The business had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $740.85 million. During the same quarter in the previous year, the firm earned $0.68 EPS. Sylvamo’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, equities research analysts expect that Sylvamo will post 1.99 EPS for the current fiscal year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.80 annualized dividend and a yield of 4.8%. Sylvamo’s dividend payout ratio is currently 71.15%.

Insiders Place Their Bets

In other Sylvamo news, Director Lizanne M. Bruce sold 1,230 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $41.70, for a total transaction of $51,291.00. Following the completion of the sale, the director directly owned 14,475 shares of the company’s stock, valued at approximately $603,607.50. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Sylvamo

Several large investors have recently modified their holdings of SLVM. Royce & Associates LP raised its holdings in Sylvamo by 8.6% during the fourth quarter. Royce & Associates LP now owns 464,401 shares of the company’s stock worth $22,361,000 after purchasing an additional 36,685 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Sylvamo by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 645,135 shares of the company’s stock valued at $31,063,000 after purchasing an additional 56,393 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Sylvamo by 297.9% in the 4th quarter. Bleakley Financial Group LLC now owns 40,421 shares of the company’s stock valued at $1,946,000 after purchasing an additional 30,263 shares in the last quarter. UBS Group AG increased its position in Sylvamo by 172.0% during the 4th quarter. UBS Group AG now owns 338,414 shares of the company’s stock worth $16,295,000 after purchasing an additional 214,016 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Sylvamo by 84,243.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 128,202 shares of the company’s stock worth $6,173,000 after buying an additional 128,050 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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.