Royal Bank Of Canada Increases Sylvamo (NYSE:SLVM) Price Target to $49.00

Sylvamo (NYSE:SLVM) had its price objective raised by analysts at Royal Bank Of Canada from $47.00 to $49.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 3.66% from the company’s current price.

Several other brokerages have also recently issued reports on SLVM. Zacks Research upgraded shares of Sylvamo to a “strong sell” rating in a report on Monday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $56.50.

Sylvamo Stock Up 10.3%

SLVM opened at $47.27 on Monday. Sylvamo has a 12 month low of $37.51 and a 12 month high of $96.42. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The business’s 50-day moving average price is $43.13 and its 200-day moving average price is $48.22. The company has a market cap of $1.86 billion, a P/E ratio of 10.82 and a beta of 0.96.

Sylvamo (NYSE:SLVM) last issued its earnings results on Friday, November 7th. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.13). The company had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $840.32 million. Sylvamo had a net margin of 5.25% and a return on equity of 19.72%. The company’s revenue was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.44 earnings per share. On average, equities analysts expect that Sylvamo will post 7.45 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its holdings in Sylvamo by 248.4% in the first quarter. Jane Street Group LLC now owns 174,648 shares of the company’s stock worth $11,714,000 after buying an additional 124,521 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Sylvamo in the 2nd quarter valued at approximately $445,000. Strs Ohio bought a new stake in shares of Sylvamo during the first quarter valued at approximately $838,000. Fourth Sail Capital LP purchased a new stake in Sylvamo in the second quarter worth $8,146,000. Finally, Victory Capital Management Inc. lifted its position in Sylvamo by 351.8% during the first quarter. Victory Capital Management Inc. now owns 166,844 shares of the company’s stock valued at $11,190,000 after buying an additional 129,916 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Sylvamo Company Profile

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.