Sylvamo (NYSE:SLVM – Get Free Report)‘s stock had its “neutral” rating reaffirmed by investment analysts at Bank of America in a research report issued on Tuesday, Marketbeat reports. They presently have a $45.00 target price on the stock. Bank of America‘s price target would suggest a potential upside of 20.68% from the stock’s current price.
A number of other equities analysts also recently commented on SLVM. Weiss Ratings downgraded Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Zacks Research upgraded Sylvamo from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Truist Financial started coverage on Sylvamo in a research note on Monday, March 30th. They issued a “buy” rating and a $54.00 target price for the company. Finally, Royal Bank Of Canada reduced their price target on Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.33.
Read Our Latest Stock Analysis on SLVM
Sylvamo Price Performance
Sylvamo (NYSE:SLVM – Get Free Report) last issued its 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). 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 company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Equities research analysts expect that Sylvamo will post 2.32 EPS for the current year.
Insider Activity at Sylvamo
In related news, Director Lizanne M. Bruce sold 1,230 shares of the company’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 value of $51,291.00. Following the transaction, the director directly owned 14,475 shares in the company, valued at approximately $603,607.50. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.81% of the company’s stock.
Hedge Funds Weigh In On Sylvamo
Several large investors have recently modified their holdings of the business. UMB Bank n.a. increased its position in shares of Sylvamo by 171.2% during the 4th quarter. UMB Bank n.a. now owns 564 shares of the company’s stock worth $27,000 after purchasing an additional 356 shares during the last quarter. GAMMA Investing LLC lifted its position in Sylvamo by 222.8% in the fourth quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock valued at $37,000 after buying an additional 528 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Sylvamo in the fourth quarter valued at about $38,000. Farther Finance Advisors LLC boosted its stake in 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 buying an additional 519 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Sylvamo during the third quarter worth about $38,000. Institutional investors and hedge funds 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.
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