Bank of America Has Lowered Expectations for Sylvamo (NYSE:SLVM) Stock Price

Sylvamo (NYSE:SLVM - Get Free Report) had its price target decreased by analysts at Bank of America from $67.00 to $64.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "underperform" rating on the stock. Bank of America's price target would suggest a potential upside of 23.16% from the company's previous close.

Separately, Royal Bank Of Canada lowered their target price on Sylvamo from $70.00 to $61.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th.

Sylvamo Price Performance

Shares of NYSE SLVM traded down $0.09 during midday trading on Wednesday, reaching $51.97. 38,284 shares of the stock traded hands, compared to its average volume of 322,209. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.64 and a quick ratio of 1.04. The stock has a market capitalization of $2.12 billion, a PE ratio of 7.59, a P/E/G ratio of 2.03 and a beta of 1.01. Sylvamo has a one year low of $49.93 and a one year high of $98.02. The company's 50 day moving average is $53.99 and its 200 day moving average is $64.79.

Sylvamo (NYSE:SLVM - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). The firm had revenue of $821.00 million for the quarter, compared to the consensus estimate of $819.61 million. Sylvamo had a net margin of 7.71% and a return on equity of 32.60%. The firm's revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 earnings per share. On average, equities research analysts anticipate that Sylvamo will post 7.45 earnings per share for the current year.

Institutional Trading of Sylvamo

A number of institutional investors have recently bought and sold shares of SLVM. Steward Partners Investment Advisory LLC lifted its position in Sylvamo by 12.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company's stock worth $159,000 after buying an additional 218 shares during the last quarter. Victory Capital Management Inc. lifted its position in Sylvamo by 2.2% in the fourth quarter. Victory Capital Management Inc. now owns 36,928 shares of the company's stock worth $2,918,000 after buying an additional 812 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Sylvamo in the fourth quarter worth $1,286,000. Raymond James Financial Inc. bought a new stake in shares of Sylvamo during the fourth quarter worth $3,632,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Sylvamo during the fourth quarter worth $547,000. 91.16% of the stock is currently owned by institutional investors.

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.

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