Sylvamo Corporation (NYSE:SLVM) Stock Has Consensus Target Price of $41.00

Key Points

• Analysts have a consensus “Hold” rating on Sylvamo, with one sell, three hold and two buy recommendations. The average 12-month price target is $41, versus a recent share price of $32.28.
• Sylvamo’s shares have declined substantially, trading near their one-year low of $30.40 and below the 50-day and 200-day moving averages of $34.26 and $40.20, respectively.
• The company reported quarterly EPS of $0.03, slightly above expectations, while revenue of $806 million fell short of forecasts. Sylvamo also paid a quarterly dividend of $0.45 per share, representing a 5.6% annualized yield.

Sylvamo Corporation (NYSE:SLVM - Get Free Report) has earned a consensus rating of "Hold" from the six brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $41.00.

SLVM has been the subject of a number of analyst reports. Zacks Research upgraded Sylvamo from a "strong sell" rating to a "hold" rating in a research note on Monday, October 12th. Truist Financial lowered their price objective on shares of Sylvamo from $49.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, October 12th. Weiss Ratings restated a "sell (d+)" rating on shares of Sylvamo in a report on Friday, August 7th. Royal Bank Of Canada reduced their price objective on shares of Sylvamo from $46.00 to $35.00 and set a "sector perform" rating for the company in a research report on Friday, October 16th. Finally, Wells Fargo & Company started coverage on Sylvamo in a research note on Wednesday, September 16th. They set an "overweight" rating and a $47.00 price objective on the stock.

Institutional Trading of Sylvamo

A number of institutional investors have recently added to or reduced their stakes in SLVM. Nykredit A S bought a new stake in Sylvamo in the second quarter valued at $33,000. Farther Finance Advisors LLC boosted its stake in Sylvamo by 68.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,094 shares of the company's stock worth $36,000 after purchasing an additional 446 shares during the period. Signaturefd LLC grew its holdings in shares of Sylvamo by 54.9% during the third quarter. Signaturefd LLC now owns 1,380 shares of the company's stock valued at $45,000 after buying an additional 489 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Sylvamo in the second quarter worth about $68,000. Finally, Versant Capital Management Inc grew its holdings in Sylvamo by 378.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,645 shares of the company's stock worth $100,000 after acquiring an additional 2,092 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Sylvamo Price Performance

NYSE SLVM opened at $32.28 on Monday. The stock has a 50-day moving average of $34.26 and a 200 day moving average of $40.20. Sylvamo has a one year low of $30.40 and a one year high of $56.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.80 and a current ratio of 1.47. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.51 and a beta of 0.87.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Sylvamo had a return on equity of 8.36% and a net margin of 2.31%. The business had revenue of $806.00 million for the quarter, compared to analysts' expectations of $811.25 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The company's revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts forecast that Sylvamo will post 1.32 EPS for the current year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, October 2nd. Sylvamo's dividend payout ratio (DPR) is presently 95.74%.

Sylvamo Company Profile

Sylvamo Corporation is a global producer of uncoated paper products. The company manufactures papers used for printing, copying, writing, publishing, commercial applications, notebooks, envelopes and other everyday communication needs. Its portfolio includes branded and private-label products serving businesses, retailers, publishers, printers and consumers.

Sylvamo operates paper mills and related facilities in North America, Latin America and Europe, with products sold to customers in numerous markets worldwide.

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