Sylvamo (NYSE:SLVM – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.
Several other analysts have also recently commented on the company. Royal Bank Of Canada lowered their target price on Sylvamo from $49.00 to $46.00 and set a “sector perform” rating on the stock in a research report on Friday, July 17th. Zacks Research lowered Sylvamo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Truist Financial decreased their price target on Sylvamo from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Bank of America reissued a “neutral” rating and set a $45.00 price target on shares of Sylvamo in a report on Tuesday, July 14th. Finally, Weiss Ratings cut shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $47.33.
Read Our Latest Research Report on SLVM
Sylvamo Price Performance
Sylvamo (NYSE:SLVM – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.28). The business had revenue of $755.00 million for the quarter, compared to the consensus estimate of $740.85 million. Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. Analysts forecast that Sylvamo will post 1.99 EPS for the current year.
Insiders Place Their Bets
In other Sylvamo news, Director Lizanne M. Bruce sold 1,230 shares of Sylvamo stock in a transaction that occurred 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 in the company, valued at approximately $603,607.50. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company’s stock.
Institutional Investors Weigh In On Sylvamo
Several large investors have recently modified their holdings of SLVM. Lazard Asset Management LLC grew its position in Sylvamo by 0.9% during 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 raised its holdings in Sylvamo by 0.3% in the 4th quarter. Rock Point Advisors LLC now owns 82,314 shares of the company’s stock valued at $3,963,000 after acquiring an additional 265 shares in the last quarter. UMB Bank n.a. raised its holdings in Sylvamo by 171.2% in the 4th quarter. UMB Bank n.a. now owns 564 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Sylvamo by 162.7% in the 4th quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock worth $40,000 after acquiring an additional 519 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of Sylvamo by 8.4% in the 2nd quarter. Exchange Traded Concepts LLC now owns 6,697 shares of the company’s stock worth $253,000 after acquiring an additional 519 shares during the period. 91.16% of the stock is owned by institutional investors.
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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