In yesterday’s Wall Street session, Sylvamo Corporation (NYSE:SLVM) shares traded at $47.12, up 0.49% from the previous session.
2 analysts cover Sylvamo Corporation (NYSE:SLVM), according to research data. 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 $46.89, this indicates a potential upside of 25.83 percent. SLVM stock price is now -1.68% away from the 50-day moving average and 6.77% away from the 200-day moving average. The market capitalization of the company currently stands at $2.02B.
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The stock has received a hold rating from 1 analysts and a buy rating from 1. 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, SIMS JOHN V, SVP & Chief Financial Officer sold 12,842 shares of the company’s stock on Mar 13. The stock was sold for $613,976 at an average price of $47.81. Upon completion of the transaction, the SVP & Chief Financial Officer now directly owns 68,481 shares in the company, valued at $3.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 10, Director Meyers Karl L bought 10,000 shares of the business’s stock. A total of $491,700 was incurred on buying the stock at an average price of $49.17. This leaves the insider owning 10,000 shares of the company worth $0.47 million. Insiders disposed of 13,361,256 shares of company stock worth roughly $629.58 million over the past 1 year. A total of 11.48% 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 MACQUARIE GROUP LTD during the first quarter worth $4,256,000. ROCK POINT ADVISORS, LLC invested $3,985,000 in shares of SLVM during the first quarter. In the first quarter, HUDSON BAY CAPITAL MANAGEMENT LP acquired a new stake in Sylvamo Corporation valued at approximately $3,534,000. FIRST TRUST ADVISORS LP acquired a new stake in SLVM for approximately $2,945,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC purchased a new stake in SLVM valued at around $2,384,000 in the second quarter. In total, there are 451 active investors with 88.30% ownership of the company’s stock.
On Tuesday morning Sylvamo Corporation (NYSE: SLVM) stock kicked off with the opening price of $48.28. During the past 12 months, Sylvamo Corporation has had a low of $28.37 and a high of $57.38. As of last week, the company has a debt-to-equity ratio of 1.52, a current ratio of 1.70, and a quick ratio of 1.20. The fifty day moving average price for SLVM is $47.88 and a two-hundred day moving average price translates $44.12 for the stock.
The latest earnings results from Sylvamo Corporation (NYSE: SLVM) was released for Sep, 2022. The net profit margin was 3.30% and return on equity was 31.10% for SLVM. The company reported revenue of $927.0 million for the quarter, compared to $1.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.58 percent. For the current quarter, analysts expect SLVM to generate $970.99M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/27/2023. Investors who held shares on 04/06/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 2.12% percent yield. There was an ex-dividend date of 04/05/2023 for this dividend. In terms of dividend payout ratio, SLVM is presently at 8.30%.
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.
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