Sylvamo Corporation (NYSE:SLVM) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Sylvamo Corporation (NYSE:SLVM) have received an average recommendation of “Reduce” from the five brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $47.3333.

SLVM has been the subject of a number of research reports. Truist Financial decreased their price objective on Sylvamo from $54.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Zacks Research cut Sylvamo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reduced their price target on Sylvamo from $49.00 to $46.00 and set a “sector perform” rating for the company in a research report on Friday, July 17th. Weiss Ratings cut shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Sylvamo from a “hold” rating to a “sell” rating in a report on Saturday, July 25th.

Sylvamo Price Performance

Shares of NYSE SLVM opened at $38.24 on Friday. The company has a fifty day moving average price of $38.86 and a 200 day moving average price of $42.80. The firm has a market cap of $1.52 billion, a PE ratio of 15.12, a PEG ratio of 0.95 and a beta of 0.87. The company has a current ratio of 1.45, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Sylvamo has a 1-year low of $35.53 and a 1-year high of $56.80.

Sylvamo (NYSE:SLVM) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.28). The firm had revenue of $755.00 million during the quarter, compared to analyst estimates of $740.85 million. Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. Research analysts predict that Sylvamo will post 1.99 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 28th. Investors of record on Tuesday, July 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.7%. Sylvamo’s dividend payout ratio (DPR) is 71.15%.

Insider Transactions at Sylvamo

In other Sylvamo news, Director Lizanne M. Bruce sold 1,230 shares of Sylvamo stock in a transaction 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 sale, the director directly owned 14,475 shares in the company, valued at approximately $603,607.50. The trade was a 7.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Sylvamo

Several hedge funds have recently modified their holdings of the stock. Wedge Capital Management L L P NC raised its holdings in Sylvamo by 0.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 30,727 shares of the company’s stock worth $1,480,000 after acquiring an additional 245 shares in the last quarter. Lazard Asset Management LLC grew its stake in Sylvamo by 0.9% in the second quarter. Lazard Asset Management LLC now owns 29,415 shares of the company’s stock valued at $1,473,000 after purchasing an additional 259 shares in the last quarter. Rock Point Advisors LLC increased its position in shares of Sylvamo by 0.3% during the 4th quarter. Rock Point Advisors LLC now owns 82,314 shares of the company’s stock worth $3,963,000 after purchasing an additional 265 shares during the last quarter. 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. Finally, Farther Finance Advisors LLC raised its stake in shares of Sylvamo by 162.7% during the 4th quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock worth $40,000 after purchasing an additional 519 shares in the last quarter. Institutional investors 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.