Sylvamo Corporation (NYSE:SLVM) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Analysts give Sylvamo a consensus “Reduce” rating: Two analysts rate the stock a sell, two recommend holding it and one recommends buying it. The average 12-month price target is $46.67, above the recent price of $37.03.
• Sylvamo reported quarterly EPS of $0.03, beating estimates by $0.01, while revenue of $806 million fell short of expectations and increased 1.5% year over year. Analysts expect full-year EPS of $1.53.
• The stock has declined from its 12-month high of $56.80 and trades below both its 50-day and 200-day moving averages; institutional investors own 91.16% of the company.

Shares of Sylvamo Corporation (NYSE:SLVM - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the five brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $46.6667.

Several brokerages have issued reports on SLVM. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Sylvamo in a research note on Friday, August 7th. Truist Financial reissued a "buy" rating and set a $49.00 price target (down from $51.00) on shares of Sylvamo in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Sylvamo from a "sell" rating to a "hold" rating in a report on Sunday, August 2nd. Zacks Research cut shares of Sylvamo from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 14th. Finally, Bank of America reaffirmed a "neutral" rating and set a $45.00 target price on shares of Sylvamo in a report on Tuesday, July 14th.

Sylvamo Price Performance

SLVM opened at $37.03 on Wednesday. The stock has a 50-day moving average price of $38.78 and a 200-day moving average price of $41.57. Sylvamo has a 12-month low of $35.53 and a 12-month high of $56.80. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $1.47 billion, a P/E ratio of 19.70, a PEG ratio of 1.38 and a beta of 0.87.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $806.00 million for the quarter, compared to analyst estimates of $811.25 million. Sylvamo had a return on equity of 8.36% and a net margin of 2.31%.The company's revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. Equities analysts predict that Sylvamo will post 1.53 earnings per share for the current fiscal year.

Insider Transactions at Sylvamo

In other Sylvamo news, Director Lizanne M. Bruce sold 1,230 shares of the company's stock in a transaction dated Monday, June 15th. The shares were 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 in the company, valued at $603,607.50. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sylvamo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its holdings in shares of Sylvamo by 0.9% during the second quarter. Lazard Asset Management LLC now owns 29,415 shares of the company's stock valued at $1,473,000 after purchasing an additional 259 shares in the last quarter. Rock Point Advisors LLC raised its position in Sylvamo by 0.3% in the 4th quarter. Rock Point Advisors LLC now owns 82,314 shares of the company's stock worth $3,963,000 after buying an additional 265 shares during the last quarter. UMB Bank n.a. raised its position in Sylvamo by 171.2% in the 4th quarter. UMB Bank n.a. now owns 564 shares of the company's stock worth $27,000 after buying an additional 356 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Sylvamo by 162.7% during the 4th quarter. Farther Finance Advisors LLC now owns 838 shares of the company's stock valued at $40,000 after acquiring an additional 519 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in Sylvamo by 8.4% during the 2nd quarter. Exchange Traded Concepts LLC now owns 6,697 shares of the company's stock valued at $253,000 after acquiring an additional 519 shares during the period. 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.

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