The price of Sylvamo Corporation (NYSE:SLVM) shares last traded on Wall Street rose 0.61% to $46.33.
Based on available information, 2 analysts follow Sylvamo Corporation (NYSE:SLVM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $58.00, we find $59.00. Given the previous closing price of $46.05, this indicates a potential upside of 28.12 percent. SLVM stock price is now -7.80% away from the 50-day moving average and 7.61% away from the 200-day moving average. The market capitalization of the company currently stands at $2.02B.
Among analysts, 1 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $59.00 as their price target over the next twelve months.
With the price target enhanced from $56 to $58, BofA Securities Downgraded its rating from Buy to Neutral for Sylvamo Corporation (NYSE: SLVM)., while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’.
In other news, CITIGROUP INC, See General Remark. sold 4,614,358 shares of the company’s stock on Sep 12. The stock was sold for $167,270,478 at an average price of $36.25. Upon completion of the transaction, the See General Remark. now directly owns 15,318 shares in the company, valued at $0.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12, 10% Owner INTERNATIONAL PAPER CO /NEW/ sold 4,614,358 shares of the business’s stock. A total of $167,270,478 was realized by selling the stock at an average price of $36.25. Insiders disposed of 13,417,641 shares of company stock worth roughly $621.64 million over the past 1 year. A total of 10.95% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SLVM stock. A new stake in Sylvamo Corporation shares was purchased by WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC during the first quarter worth $24,933,000. NEWTYN MANAGEMENT, LLC invested $20,324,000 in shares of SLVM during the first quarter. In the first quarter, BOUNDARY CREEK ADVISORS LP acquired a new stake in Sylvamo Corporation valued at approximately $14,734,000. CAAS CAPITAL MANAGEMENT LP acquired a new stake in SLVM for approximately $14,464,000. GHISALLO CAPITAL MANAGEMENT LLC purchased a new stake in SLVM valued at around $6,950,000 in the second quarter. In total, there are 439 active investors with 88.30% ownership of the company’s stock.
A candlestick chart of Sylvamo Corporation (NYSE: SLVM) showed a price of $45.99 on Monday morning. During the past 12 months, Sylvamo Corporation has had a low of $26.88 and a high of $57.38. As of last week, the company has a debt-to-equity ratio of 4.76, a current ratio of 1.40, and a quick ratio of 1.00. The fifty day moving average price for SLVM is $50.25 and a two-hundred day moving average price translates $43.05 for the stock.
The latest earnings results from Sylvamo Corporation (NYSE: SLVM) was released for Jun, 2022. According to the Paper & Paper Products Company, earnings per share came in at $2.02, inline with analysts’ expectations of $2.02. This compares to $0.75 EPS in the same period last year. The net profit margin was 2.30% and return on equity was 33.60% for SLVM. The company reported revenue of $968.0 million for the quarter, compared to $731.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.42 percent. For the current quarter, analysts expect SLVM to generate $908.18M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/25/2023. Investors who held shares on 01/04/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 2.16% percent yield. There was an ex-dividend date of 01/03/2023 for this dividend. In terms of dividend payout ratio, SLVM is presently at 5.70%.
Sylvamo Corporation(SLVM) Company Profile
Sylvamo Corporation produces and supplies printing paper in Latin America, Europe, and North America. The company offers uncoated freesheet for paper products, such as cutsize and offset paper; and markets pulp, aseptic, and liquid packaging board, as well as coated unbleached kraft papers. It also produces hardwood pulp, including bleached hardwood kraft and bleached eucalyptus kraft; bleached softwood kraft; and bleached chemi-thermomechanical pulp. The company distributes its products through a variety of channels, including merchants and distributors, office product suppliers, e-commerce, retailers, and dealers. It also sells directly to converters that produce envelopes, forms, and other related products. The company was founded in 1898 and is headquartered in Memphis, Tennessee.