Sylvamo (NYSE:SLVM) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Sylvamo (NYSE:SLVM) from a hold rating to a strong sell rating in a research note released on Tuesday,Zacks.com reports.

SLVM has been the subject of a number of other research reports. Bank of America restated a “neutral” rating and issued a $45.00 price target on shares of Sylvamo in a report on Tuesday. Weiss Ratings lowered shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Royal Bank Of Canada reduced their target price on shares of Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, May 11th. Finally, Truist Financial decreased their target price on shares of Sylvamo from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sylvamo currently has a consensus rating of “Reduce” and a consensus target price of $48.33.

Sylvamo Trading Up 5.2%

NYSE:SLVM opened at $39.55 on Tuesday. The business’s 50-day moving average is $38.97 and its two-hundred day moving average is $43.43. 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 has a 12 month low of $35.53 and a 12 month high of $56.80. The firm has a market capitalization of $1.57 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.83 and a beta of 0.87.

Sylvamo (NYSE:SLVM) last issued its earnings results on Friday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.28). Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The company had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $740.85 million. During the same period in the previous year, the company earned $0.68 EPS. Sylvamo’s quarterly revenue was down 8.0% on a year-over-year basis. Research analysts predict that Sylvamo will post 2.2 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, July 7th. 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 the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $41.70, for a total value of $51,291.00. Following the transaction, the director directly owned 14,475 shares of the company’s stock, valued at $603,607.50. This represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is owned by corporate insiders.

Institutional Trading of Sylvamo

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in Sylvamo by 171.2% during 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 during the last quarter. GAMMA Investing LLC increased its position in shares of Sylvamo by 222.8% in the 4th quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock worth $37,000 after purchasing an additional 528 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Sylvamo in the 4th quarter worth about $38,000. Farther Finance Advisors LLC raised its stake in shares of Sylvamo by 162.7% in the 4th quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock valued at $40,000 after purchasing an additional 519 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Sylvamo in the 3rd quarter valued at about $38,000. 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.