Brokerages Set Sylvamo Corporation (NYSE:SLVM) PT at $47.33

Shares of Sylvamo Corporation (NYSE:SLVM) have been given an average rating of “Reduce” by the five brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $47.3333.

SLVM has been the topic of several recent research reports. Bank of America reiterated a “neutral” rating and issued a $45.00 price target on shares of Sylvamo in a research report on Tuesday, July 14th. Zacks Research downgraded shares of Sylvamo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Weiss Ratings lowered Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Wall Street Zen cut Sylvamo from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Royal Bank Of Canada lowered their target price on Sylvamo from $49.00 to $46.00 and set a “sector perform” rating on the stock in a research report on Friday, July 17th.

Sylvamo Price Performance

NYSE SLVM opened at $37.50 on Friday. The company has a 50-day moving average price of $38.83 and a 200-day moving average price of $42.67. Sylvamo has a 52 week low of $35.53 and a 52 week high of $56.80. The company has a quick ratio of 0.81, a current ratio of 1.45 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $1.49 billion, a P/E ratio of 14.82, a PEG ratio of 0.92 and a beta of 0.87.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.28). The business had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $740.85 million. Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. Equities research analysts anticipate that Sylvamo will post 1.99 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.8%. Sylvamo’s dividend payout ratio (DPR) is 71.15%.

Insider Buying and Selling at Sylvamo

In related news, Director Lizanne M. Bruce sold 1,230 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $41.70, for a total transaction of $51,291.00. Following the completion of the transaction, the director directly owned 14,475 shares in the company, valued at approximately $603,607.50. The trade was a 7.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sylvamo

Several large investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC increased its stake in shares of Sylvamo by 0.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 30,727 shares of the company’s stock worth $1,480,000 after purchasing an additional 245 shares in the last quarter. Lazard Asset Management LLC lifted 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 valued at $1,473,000 after buying an additional 259 shares in the last quarter. Rock Point Advisors LLC boosted its holdings in Sylvamo by 0.3% in the 4th quarter. Rock Point Advisors LLC now owns 82,314 shares of the company’s stock worth $3,963,000 after buying an additional 265 shares during the period. UMB Bank n.a. boosted its holdings in Sylvamo by 171.2% in the 4th quarter. UMB Bank n.a. now owns 564 shares of the company’s stock worth $27,000 after buying an additional 356 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Sylvamo by 162.7% in the 4th quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock worth $40,000 after buying an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Company Profile

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.