Sylvamo’s (SLVM) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Sylvamo (NYSE:SLVM) in a research note issued to investors on Friday morning,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the stock. Bank of America decreased their target price on shares of Sylvamo from $67.00 to $64.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 9th. Zacks Research upgraded shares of Sylvamo to a “strong sell” rating in a report on Monday, August 11th. Finally, Royal Bank Of Canada set a $49.00 price target on shares of Sylvamo and gave the company a “sector perform” rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $56.50.

Sylvamo Price Performance

SLVM opened at $42.85 on Friday. The company’s 50 day simple moving average is $43.71 and its 200 day simple moving average is $49.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.54. Sylvamo has a 1 year low of $37.51 and a 1 year high of $98.02. The stock has a market capitalization of $1.73 billion, a PE ratio of 8.19 and a beta of 0.97.

Sylvamo (NYSE:SLVM) last released its earnings results on Friday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). Sylvamo had a return on equity of 23.99% and a net margin of 6.11%.The company had revenue of $794.00 million during the quarter, compared to analyst estimates of $826.60 million. During the same period in the prior year, the business posted $1.98 earnings per share. Sylvamo’s revenue was down 14.9% on a year-over-year basis. As a group, sell-side analysts expect that Sylvamo will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were paid a dividend of $0.45 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.2%. Sylvamo’s dividend payout ratio (DPR) is currently 34.42%.

Institutional Trading of Sylvamo

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Sylvamo by 5.2% during the first quarter. Vanguard Group Inc. now owns 2,994,527 shares of the company’s stock valued at $200,843,000 after purchasing an additional 149,326 shares during the period. LSV Asset Management raised its stake in shares of Sylvamo by 0.7% during the first quarter. LSV Asset Management now owns 1,804,055 shares of the company’s stock valued at $120,998,000 after purchasing an additional 12,371 shares during the period. American Century Companies Inc. increased its stake in shares of Sylvamo by 7.1% in the second quarter. American Century Companies Inc. now owns 1,203,862 shares of the company’s stock worth $60,314,000 after buying an additional 80,176 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Sylvamo by 0.7% in the second quarter. Geode Capital Management LLC now owns 985,834 shares of the company’s stock worth $49,396,000 after buying an additional 6,989 shares during the last quarter. Finally, Wasatch Advisors LP increased its stake in shares of Sylvamo by 7.5% in the second quarter. Wasatch Advisors LP now owns 837,221 shares of the company’s stock worth $41,945,000 after buying an additional 58,449 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

About Sylvamo

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.