Sylvamo (NYSE:SLVM) Hits New 1-Year Low - Should You Sell?

Sylvamo Corporation (NYSE:SLVM - Get Free Report)'s share price hit a new 52-week low on Thursday . The stock traded as low as $50.01 and last traded at $50.14, with a volume of 351488 shares. The stock had previously closed at $50.60.

Wall Street Analyst Weigh In

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

Sylvamo Stock Down 0.9%

The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 1.99 and a beta of 1.07. The business has a fifty day moving average of $56.37 and a 200 day moving average of $68.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.64 and a quick ratio of 1.04.

Sylvamo (NYSE:SLVM - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). Sylvamo had a net margin of 7.71% and a return on equity of 32.60%. The business had revenue of $821.00 million during the quarter, compared to analyst estimates of $819.61 million. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company's revenue was down 9.3% on a year-over-year basis. As a group, equities analysts predict that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 8th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo's dividend payout ratio is presently 26.32%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SLVM. Smartleaf Asset Management LLC lifted its holdings in Sylvamo by 182.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 624 shares of the company's stock valued at $49,000 after acquiring an additional 403 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Sylvamo in the first quarter valued at approximately $61,000. Covestor Ltd raised its position in Sylvamo by 464.5% in the fourth quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after purchasing an additional 641 shares during the period. Steward Partners Investment Advisory LLC raised 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 valued at $159,000 after purchasing an additional 218 shares during the period. Finally, First Citizens Bank & Trust Co. purchased a new stake in Sylvamo in the first quarter valued at approximately $200,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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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