Sylvamo Corporation (NYSE:SLVM) Receives Average Recommendation of “Reduce” from Analysts

Sylvamo Corporation (NYSE:SLVM) has received an average rating of “Reduce” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $47.3333.

SLVM has been the subject of several research reports. Wall Street Zen cut shares of Sylvamo from a “hold” rating to a “sell” rating in a research note on Saturday. Bank of America reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Sylvamo in a research report on Tuesday, July 14th. Truist Financial reduced their target price on Sylvamo from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Zacks Research downgraded Sylvamo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings lowered Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th.

Insider Transactions at Sylvamo

In related news, Director Lizanne M. Bruce sold 1,230 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $41.70, for a total transaction of $51,291.00. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at approximately $603,607.50. This represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Sylvamo

Several institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of Sylvamo by 49.4% in the 1st quarter. Royal Bank of Canada now owns 22,853 shares of the company’s stock valued at $1,532,000 after acquiring an additional 7,556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sylvamo by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,690 shares of the company’s stock worth $1,388,000 after purchasing an additional 893 shares during the period. Empowered Funds LLC boosted its position in Sylvamo by 16.9% during the 1st quarter. Empowered Funds LLC now owns 17,730 shares of the company’s stock worth $1,189,000 after purchasing an additional 2,557 shares during the period. Intech Investment Management LLC increased its holdings in Sylvamo by 25.9% in the 1st quarter. Intech Investment Management LLC now owns 18,140 shares of the company’s stock valued at $1,217,000 after purchasing an additional 3,727 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Sylvamo by 23.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 24,621 shares of the company’s stock valued at $1,234,000 after purchasing an additional 4,613 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Sylvamo Price Performance

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 company’s 50 day simple moving average is $38.77 and its 200 day simple moving average is $43.03. The stock has a market capitalization of $1.52 billion, a PE ratio of 15.13, a P/E/G ratio of 0.83 and a beta of 0.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.45.

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

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, July 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.7%. Sylvamo’s payout ratio is presently 71.15%.

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.