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

Sylvamo (NYSE:SLVM)‘s stock had its “hold (c)” rating reaffirmed by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other research firms have also weighed in on SLVM. Zacks Research upgraded shares of Sylvamo to a “strong sell” rating in a research report on Monday, August 11th. Royal Bank Of Canada set a $49.00 price target on shares of Sylvamo and gave the stock a “sector perform” rating in a research report on Monday, August 11th. Finally, Bank of America dropped their price target on shares of Sylvamo from $67.00 to $64.00 and set an “underperform” rating for the company in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $56.50.

Sylvamo Stock Performance

Shares of NYSE SLVM opened at $42.85 on Friday. The firm has a 50 day moving average of $43.71 and a 200 day moving average of $49.93. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 2.76 and a beta of 0.97. Sylvamo has a 12-month low of $37.51 and a 12-month high of $98.02.

Sylvamo (NYSE:SLVM) last announced 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 business had revenue of $794.00 million for the quarter, compared to the consensus estimate of $826.60 million. Sylvamo had a net margin of 6.11% and a return on equity of 23.99%. The business’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.98 earnings per share. On average, research analysts anticipate that Sylvamo will post 7.45 earnings per share for the current year.

Hedge Funds Weigh In On Sylvamo

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of Sylvamo by 185.5% during the second quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company’s stock worth $49,000 after acquiring an additional 638 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Sylvamo during the first quarter worth $61,000. Blue Trust Inc. boosted its position in shares of Sylvamo by 54.0% during the second quarter. Blue Trust Inc. now owns 1,209 shares of the company’s stock worth $61,000 after acquiring an additional 424 shares during the last quarter. Tower Research Capital LLC TRC raised its stake 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 purchasing an additional 2,724 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake 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 purchasing an additional 794 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

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.