Sylvamo (NYSE:SLVM) Rating Lowered to Strong Sell at Zacks Research

Sylvamo (NYSE:SLVM) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

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

Sylvamo Price Performance

Shares of NYSE SLVM opened at $37.70 on Tuesday. Sylvamo has a 1 year low of $35.53 and a 1 year high of $56.80. The stock has a market capitalization of $1.50 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.60 and a beta of 0.87. The company’s 50-day moving average is $39.05 and its 200 day moving average is $43.50. 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 issued its quarterly earnings data on Friday, May 8th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.28). The company had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $740.85 million. Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. On average, sell-side analysts expect that Sylvamo will post 2.25 earnings per share for the current year.

Insider Activity at Sylvamo

In related 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 sale, the director owned 14,475 shares in the company, valued at $603,607.50. This represents a 7.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SLVM. UMB Bank n.a. raised its position in shares of Sylvamo by 171.2% in 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. GAMMA Investing LLC boosted its stake in 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 in the last quarter. International Assets Investment Management LLC purchased a new stake in Sylvamo during the 4th quarter valued at about $38,000. Farther Finance Advisors LLC grew its position in Sylvamo by 162.7% during 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 during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Sylvamo during the 3rd quarter valued at about $38,000. Hedge funds and other 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.