Sylvamo (NYSE:SLVM) Lowered to Sell Rating by Wall Street Zen

Sylvamo (NYSE:SLVM) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

SLVM has been the subject of several other research reports. Bank of America restated a “neutral” rating and issued a $45.00 target price on shares of Sylvamo in a research note on Tuesday, July 14th. Royal Bank Of Canada lowered their price target on shares of Sylvamo from $49.00 to $46.00 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Truist Financial reduced their price objective on shares of Sylvamo from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Zacks Research cut shares of Sylvamo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $47.33.

Sylvamo Trading Up 2.1%

NYSE:SLVM opened at $38.27 on Friday. Sylvamo has a 1 year low of $35.53 and a 1 year high of $56.80. The stock’s fifty day moving average price is $38.77 and its two-hundred day moving average price is $43.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.45 and a quick ratio of 0.81. The company has a market cap of $1.52 billion, a P/E ratio of 15.13, a P/E/G ratio of 0.83 and a beta of 0.87.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.28). Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The company had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $740.85 million. During the same quarter last year, the firm posted $0.68 earnings per share. Sylvamo’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, analysts expect that Sylvamo will post 2.2 EPS for the current year.

Insider Buying and Selling

In other news, Director Lizanne M. Bruce sold 1,230 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $41.70, for a total value of $51,291.00. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at $603,607.50. This represents a 7.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its holdings in shares of Sylvamo by 0.8% in the 4th 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 boosted its stake in Sylvamo by 0.9% in the second 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 in the last quarter. Rock Point Advisors LLC boosted its stake in Sylvamo by 0.3% in the fourth 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 in the last quarter. UMB Bank n.a. grew its position in Sylvamo by 171.2% during the fourth quarter. UMB Bank n.a. now owns 564 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Sylvamo by 162.7% during the fourth quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock worth $40,000 after acquiring an additional 519 shares in the last quarter. 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.