Sylvamo (NYSE:SLVM) Price Target Raised to $37.00

Sylvamo (NYSE:SLVM) had its target price hoisted by Royal Bank Of Canada from $35.00 to $37.00 in a research note issued to investors on Monday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of Sylvamo from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of Sylvamo in a report on Wednesday, November 4th. Bank of America reduced their target price on Sylvamo from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, October 14th. Zacks Research upgraded shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Truist Financial reiterated a “buy” rating and set a $47.00 price objective (up from $40.00) on shares of Sylvamo in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $43.25.

Sylvamo Stock Up 1.5%

SLVM opened at $38.74 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average of $34.17 and a 200-day moving average of $39.58. Sylvamo has a 1-year low of $30.40 and a 1-year high of $56.80. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 1.37 and a beta of 0.87.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Friday, November 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. Sylvamo had a negative net margin of 5.81% and a positive return on equity of 8.36%. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $817.79 million. During the same quarter in the prior year, the company posted $1.44 EPS. The business’s revenue was down 23.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Sylvamo will post 1.68 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.6%. Sylvamo’s payout ratio is currently -39.91%.

Hedge Funds Weigh In On Sylvamo

A number of institutional investors have recently added to or reduced their stakes in SLVM. Advisors Asset Management Inc. bought a new stake in Sylvamo during the third quarter worth $4,114,000. Public Sector Pension Investment Board grew its position in shares of Sylvamo by 75.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 200,992 shares of the company’s stock valued at $6,452,000 after acquiring an additional 86,358 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Sylvamo during the 3rd quarter worth about $6,621,000. Oppenheimer & Close LLC increased its stake in shares of Sylvamo by 111.3% during the 3rd quarter. Oppenheimer & Close LLC now owns 48,610 shares of the company’s stock worth $1,589,000 after purchasing an additional 25,610 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Sylvamo by 6.0% during the 3rd quarter. Royce & Associates LP now owns 633,017 shares of the company’s stock worth $20,687,000 after purchasing an additional 35,660 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Top Sylvamo Stories

Investors following SLVM have been watching these stories:

• Positive Sentiment: Sidoti raised its estimates for Sylvamo’s Q4 2026 EPS to $0.70 from $0.58 and Q2 2027 EPS to $0.90 from $0.73. It also forecasts $5.25 in FY2028 EPS, signaling a more optimistic longer-term earnings outlook. Sidoti earnings estimates
• Positive Sentiment: Royal Bank of Canada reportedly expects SLVM shares to rise, while Truist reaffirmed its Buy rating. These views add to the favorable analyst tone, although the supplied reports do not specify price targets. RBC analyst outlook Truist rating
• Neutral Sentiment: Sylvamo CFO Don Devlin will hold meetings at the RBC Capital Markets Global Industrials Conference on Nov. 17. The event may offer investor access to management, but no new financial or operational announcements were disclosed. Conference announcement

Sylvamo Company Profile

Sylvamo Corporation is a global paper company that produces uncoated freesheet paper for a range of uses, including office and home printing, commercial printing, and publishing. Its products include copy and office papers, as well as specialty papers and market pulp. The company serves customers in North America, Latin America, and Europe. Its operations include manufacturing facilities in the United States, Brazil, and Europe, with products sold under various regional and consumer paper brands.