Sylvamo Corporation (NYSE:SLVM) Receives $46.67 Consensus Price Target from Analysts

Shares of Sylvamo Corporation (NYSE:SLVM) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $46.75.

Several analysts have recently weighed in on SLVM shares. Wall Street Zen raised shares of Sylvamo from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Sylvamo in a report on Friday, August 7th. Wells Fargo & Company assumed coverage on shares of Sylvamo in a research report on Wednesday. They issued an “overweight” rating and a $47.00 price objective for the company. Truist Financial restated a “buy” rating and issued a $49.00 price objective (down from $51.00) on shares of Sylvamo in a research report on Monday, August 10th. Finally, Zacks Research lowered Sylvamo from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th.

Sylvamo Price Performance

Sylvamo stock opened at $35.61 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.47 and a quick ratio of 0.80. The business has a 50 day simple moving average of $37.27 and a 200-day simple moving average of $39.51. Sylvamo has a 12 month low of $34.25 and a 12 month high of $56.80. The stock has a market capitalization of $1.42 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.28 and a beta of 0.86.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $806.00 million for the quarter, compared to analyst estimates of $811.25 million. Sylvamo had a net margin of 2.31% and a return on equity of 8.36%. Sylvamo’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. Equities analysts predict that Sylvamo will post 1.53 earnings per share for the current year.

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, October 2nd. Sylvamo’s dividend payout ratio (DPR) is currently 95.74%.

Institutional Trading of Sylvamo

A number of institutional investors have recently modified their holdings of SLVM. Sequoia Financial Advisors LLC purchased a new position in Sylvamo in the second quarter worth $224,000. Tidal Investments LLC acquired a new stake in Sylvamo in the second quarter valued at $1,299,000. Engineers Gate Manager LP boosted its position in shares of Sylvamo by 115.8% during the 2nd quarter. Engineers Gate Manager LP now owns 15,757 shares of the company’s stock worth $596,000 after purchasing an additional 8,457 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Sylvamo during the 2nd quarter worth $746,000. Finally, Nykredit A S acquired a new position in shares of Sylvamo during the 2nd quarter worth $33,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

About Sylvamo

Sylvamo Corporation (NYSE: SLVM) is a global producer of uncoated paper products. The company manufactures paper used for printing, writing, education, office applications, books, envelopes and other everyday communications. Its portfolio includes consumer and business paper brands such as Hammermill, along with products sold under regional and private-label brands.

Sylvamo serves customers through operations and distribution networks in North America, Latin America and Europe. Its products are sold to merchants, retailers, businesses, publishers, printers and other commercial customers.