Sylvamo (NYSE:SLVM) Given Hold (C) Rating at Weiss Ratings

Key Points

• Sylvamo's stock was given a "hold (C)" rating by Weiss Ratings, highlighting a cautious approach from analysts regarding the company's performance.
• The firm recently reported $0.37 earnings per share, missing analyst expectations of $0.47, and showing a 14.9% decline in revenue year-over-year.
• Institutional investors heavily hold the stock, with 91.16% of shares owned by hedge funds and other institutional investors, indicating strong institutional interest.

Sylvamo (NYSE:SLVM - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other research analysts have also recently issued reports on the stock. Zacks Research raised shares of Sylvamo to a "strong sell" rating in a report on Monday, August 11th. Royal Bank Of Canada set a $49.00 target price on shares of Sylvamo and gave the stock a "sector perform" rating in a report on Monday, August 11th. Finally, Bank of America decreased their target price on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating for the company in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $56.50.

Sylvamo Trading Down 1.5%

NYSE:SLVM opened at $42.85 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.54 and a quick ratio of 0.91. The firm has a market capitalization of $1.73 billion, a P/E ratio of 8.19, a PEG ratio of 2.76 and a beta of 0.97. Sylvamo has a one year low of $37.51 and a one year high of $98.02. The company's 50-day simple moving average is $43.71 and its 200 day simple moving average is $49.93.

Sylvamo (NYSE:SLVM - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). The firm had revenue of $794.00 million during the quarter, compared to analysts' expectations of $826.60 million. Sylvamo had a return on equity of 23.99% and a net margin of 6.11%.The firm's quarterly revenue was down 14.9% on a year-over-year basis. During the same period last year, the firm posted $1.98 earnings per share. As a group, analysts forecast that Sylvamo will post 7.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Sylvamo by 185.5% during the second quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company's stock valued at $49,000 after purchasing an additional 638 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Sylvamo during the first quarter valued at approximately $61,000. Blue Trust Inc. grew its position in Sylvamo by 54.0% during the second quarter. Blue Trust Inc. now owns 1,209 shares of the company's stock valued at $61,000 after buying an additional 424 shares during the period. Tower Research Capital LLC TRC grew its position in Sylvamo by 339.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,526 shares of the company's stock valued at $177,000 after buying an additional 2,724 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Sylvamo by 28.6% during the second quarter. BNP Paribas Financial Markets now owns 3,567 shares of the company's stock valued at $179,000 after buying an additional 794 shares during the period. 91.16% of the stock is owned by hedge funds and other 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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