Royal Bank Of Canada Has Lowered Expectations for Sylvamo (NYSE:SLVM) Stock Price

Sylvamo (NYSE:SLVM) had its price objective reduced by research analysts at Royal Bank Of Canada from $49.00 to $46.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 19.99% from the company’s previous close.

A number of other research analysts also recently weighed in on SLVM. Zacks Research downgraded Sylvamo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Bank of America reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Sylvamo in a research note on Tuesday, July 14th. Truist Financial dropped their price objective on Sylvamo from $54.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Weiss Ratings lowered Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $47.33.

Sylvamo Trading Down 3.1%

SLVM opened at $38.34 on Friday. The firm has a 50 day simple moving average of $38.92 and a 200 day simple moving average of $43.40. Sylvamo has a fifty-two week low of $35.53 and a fifty-two week high of $56.80. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.85 and a beta of 0.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.45 and a quick ratio of 0.81.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.28). Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The business had revenue of $755.00 million during the quarter, compared to the consensus estimate of $740.85 million. During the same period in the previous year, the business posted $0.68 earnings per share. Sylvamo’s revenue was down 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Sylvamo will post 2.2 earnings per share for the current year.

Insiders Place Their Bets

In other Sylvamo news, Director Lizanne M. Bruce sold 1,230 shares of the 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. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Sylvamo

A number of large investors have recently made changes to their positions in SLVM. UMB Bank n.a. lifted its holdings in Sylvamo by 171.2% during the fourth quarter. UMB Bank n.a. now owns 564 shares of the company’s stock worth $27,000 after acquiring an additional 356 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Sylvamo by 222.8% in the fourth quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock worth $37,000 after acquiring an additional 528 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Sylvamo in the fourth quarter worth about $38,000. Farther Finance Advisors LLC increased its holdings in shares of Sylvamo by 162.7% in the fourth quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock worth $40,000 after acquiring an additional 519 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Sylvamo during the third quarter worth about $38,000. Institutional investors own 91.16% of the company’s stock.

About Sylvamo

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.