Sylvamo Corporation (NYSE:SLVM) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Analysts rate Sylvamo “Reduce” overall: Two analysts recommend selling, two recommend holding and one recommends buying. The average 12-month price target is $46.67, versus a recent share price of $35.40.
• Sylvamo reported quarterly EPS of $0.03, slightly above the $0.02 consensus estimate, while revenue of $806 million fell short of the $811.25 million forecast. Revenue increased 1.5% year over year, but net margin was just 2.31%.
• Director Lizanne M. Bruce sold 1,230 shares, reducing her position by 7.83%; institutional investors and hedge funds collectively own 91.16% of the company.

Sylvamo Corporation (NYSE:SLVM - Get Free Report) has earned an average recommendation of "Reduce" from the five ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $46.6667.

SLVM has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price objective on shares of Sylvamo from $49.00 to $46.00 and set a "sector perform" rating on the stock in a research report on Friday, July 17th. Bank of America reaffirmed a "neutral" rating and issued a $45.00 target price on shares of Sylvamo in a research report on Tuesday, July 14th. Wall Street Zen upgraded Sylvamo from a "sell" rating to a "hold" rating in a report on Sunday, August 2nd. Zacks Research lowered Sylvamo from a "hold" rating to a "strong sell" rating 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.

Insiders Place Their Bets

In other news, Director Lizanne M. Bruce sold 1,230 shares of the company's stock in a transaction dated Monday, June 15th. The stock was 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 represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is currently owned by company insiders.

Institutional Trading of Sylvamo

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in Sylvamo by 171.2% in the 4th quarter. UMB Bank n.a. now owns 564 shares of the company's stock valued at $27,000 after buying an additional 356 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Sylvamo during the 4th quarter valued at $38,000. Advisory Services Network LLC purchased a new position in shares of Sylvamo during the 3rd quarter valued at $38,000. Nykredit A S purchased a new position in shares of Sylvamo during the 2nd quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Sylvamo by 185.5% in the second quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company's stock worth $49,000 after acquiring an additional 638 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Sylvamo Stock Performance

Shares of SLVM opened at $35.40 on Friday. The company has a 50-day moving average of $37.58 and a two-hundred day moving average of $39.87. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.47 and a quick ratio of 0.80. Sylvamo has a one year low of $34.25 and a one year high of $56.80.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $811.25 million. Sylvamo had a net margin of 2.31% and a return on equity of 8.36%. The firm's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. On average, equities research analysts expect that Sylvamo will post 1.53 earnings per share for the current year.

Sylvamo Company Profile

Sylvamo Corporation NYSE: SLVM is a global producer of uncoated paper products. The company manufactures paper used for printing, writing, education, office applications, books, envelopes and other everyday communications. Its portfolio includes consumer and business paper brands such as Hammermill, along with products sold under regional and private-label brands.

Sylvamo serves customers through operations and distribution networks in North America, Latin America and Europe. Its products are sold to merchants, retailers, businesses, publishers, printers and other commercial customers.

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