Sylvamo (NYSE:SLVM) Sets New 1-Year Low - Time to Sell?

Key Points

• Sylvamo shares hit a new 52-week low of $44.49, suggesting potential concerns among investors regarding the stock's performance.
• Bank of America and Royal Bank of Canada have both lowered their price targets for Sylvamo, indicating a skeptical outlook on the company's potential.
• The company reported quarterly earnings of $0.68 EPS, missing the consensus estimate, along with a significant revenue decline of 9.3% year-over-year.

Shares of Sylvamo Corporation (NYSE:SLVM - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $44.49 and last traded at $45.24, with a volume of 387741 shares trading hands. The stock had previously closed at $46.07.

Analysts Set New Price Targets

Several equities analysts recently commented on SLVM shares. Royal Bank Of Canada decreased their price target on shares of Sylvamo from $70.00 to $61.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Bank of America reduced their price objective on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 9th.

Sylvamo Price Performance

The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 5.92, a P/E/G ratio of 1.88 and a beta of 1.00. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 0.87. The business's 50 day simple moving average is $50.32 and its 200-day simple moving average is $60.04.

Sylvamo (NYSE:SLVM - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.10). The firm had revenue of $794.00 million for the quarter, compared to analyst estimates of $826.60 million. Sylvamo had a return on equity of 32.60% and a net margin of 7.71%. The company's quarterly revenue was down 14.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.98 earnings per share. On average, research analysts forecast that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Tuesday, July 8th. Sylvamo's dividend payout ratio (DPR) is presently 26.32%.

Institutional Investors Weigh In On Sylvamo

Hedge funds have recently made changes to their positions in the stock. Covestor Ltd boosted its stake in shares of Sylvamo by 464.5% in the 4th quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after purchasing an additional 641 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Sylvamo in the 1st quarter valued at approximately $61,000. Blue Trust Inc. boosted its stake in shares of Sylvamo by 54.0% in the 2nd quarter. Blue Trust Inc. now owns 1,209 shares of the company's stock valued at $61,000 after purchasing an additional 424 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of Sylvamo in the 4th quarter valued at approximately $225,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of Sylvamo in the 1st 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.