Sylvamo (NYSE:SLVM) Sets New 12-Month Low - Should You Sell?

Sylvamo Corporation (NYSE:SLVM - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $49.72 and last traded at $50.67, with a volume of 279747 shares traded. The stock had previously closed at $50.11.

Analyst Upgrades and Downgrades

Several brokerages have commented on SLVM. Bank of America decreased their price objective on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a report on Wednesday, July 9th. Royal Bank Of Canada dropped their price objective 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 Trading Down 3.3%

The firm's 50-day simple moving average is $52.74 and its 200 day simple moving average is $63.15. The firm has a market cap of $1.99 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 0.87.

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

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 8th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo's dividend payout ratio is 26.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd grew its stake in shares of Sylvamo by 464.5% during the fourth quarter. Covestor Ltd now owns 779 shares of the company's stock valued at $62,000 after buying an additional 641 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Sylvamo during the first quarter valued at about $61,000. DRW Securities LLC purchased a new position in Sylvamo during the 4th quarter worth $225,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Sylvamo during the first quarter valued at $200,000. Finally, NDVR Inc. raised its position in Sylvamo by 9.2% during the 4th quarter. NDVR Inc. now owns 3,196 shares of the company's stock worth $253,000 after buying an additional 268 shares during the last quarter. 91.16% of the stock is 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.