Sylvamo's (SLVM) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Sylvamo's stock received a "hold (c)" rating from Weiss Ratings, reaffirming the stock's current standing among analysts.
• The company reported earnings per share (EPS) of $0.37 for the latest quarter, missing estimates by $0.10 and showing a revenue decrease of 14.9% year-over-year.
• Current consensus ratings for Sylvamo stock include one "Buy," two "Hold," and two "Sell," with an average target price of $71.00.

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

A number of other brokerages have also weighed in on SLVM. Royal Bank Of Canada set a $49.00 price objective on shares of Sylvamo and gave the company a "sector perform" rating in a report on Monday, August 11th. Bank of America dropped their target price on shares of Sylvamo from $67.00 to $64.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 9th. Finally, Zacks Research upgraded shares of Sylvamo to a "strong sell" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $71.00.

Sylvamo Stock Performance

Sylvamo stock traded up $0.48 during midday trading on Wednesday, reaching $43.17. 225,220 shares of the company traded hands, compared to its average volume of 397,875. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.54 and a quick ratio of 0.91. Sylvamo has a 12 month low of $37.51 and a 12 month high of $98.02. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97. The business has a 50 day moving average of $44.34 and a two-hundred day moving average of $51.75.

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 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 business's revenue for the quarter was down 14.9% on a year-over-year basis. During the same period last year, the company earned $1.98 earnings per share. As a group, research analysts predict that Sylvamo will post 7.45 earnings per share for the current year.

Hedge Funds Weigh In On Sylvamo

Hedge funds have recently added to or reduced their stakes in the stock. MorganRosel Wealth Management LLC grew its position in shares of Sylvamo by 1.3% during the first quarter. MorganRosel Wealth Management LLC now owns 17,472 shares of the company's stock worth $1,172,000 after acquiring an additional 223 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Sylvamo by 0.9% during the 2nd quarter. Lazard Asset Management LLC now owns 29,415 shares of the company's stock worth $1,473,000 after buying an additional 259 shares during the last quarter. Perigon Wealth Management LLC raised its stake in Sylvamo by 3.6% in the 1st quarter. Perigon Wealth Management LLC now owns 9,233 shares of the company's stock valued at $619,000 after purchasing an additional 323 shares during the last quarter. RHS Financial LLC increased its stake in shares of Sylvamo by 9.1% during the 1st quarter. RHS Financial LLC now owns 4,095 shares of the company's stock valued at $275,000 after acquiring an additional 343 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Sylvamo by 1.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 23,478 shares of the company's stock worth $1,176,000 after purchasing an additional 397 shares during the period. 91.16% of the stock is currently 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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