Sylvamo (NYSE:SLVM) Receives New Coverage from Analysts at Sidoti

Sidoti started coverage on shares of Sylvamo (NYSE:SLVM) in a report published on Tuesday, MarketBeat reports. The firm issued a buy rating and a $100.00 price target on the stock.

Several other equities research analysts have also issued reports on SLVM. Bank of America raised their price target on shares of Sylvamo from $82.00 to $88.00 and gave the stock a neutral rating in a research note on Monday, September 23rd. Royal Bank of Canada lifted their price objective on shares of Sylvamo from $63.00 to $71.00 and gave the company a sector perform rating in a research note on Monday, August 12th.

Sylvamo Trading Up 1.3 %

Shares of SLVM stock opened at $85.36 on Tuesday. The company has a 50 day moving average of $78.87 and a 200-day moving average of $71.37. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 1.08. Sylvamo has a 12-month low of $41.47 and a 12-month high of $88.42. The firm has a market cap of $3.51 billion, a P/E ratio of 18.20, a PEG ratio of 4.84 and a beta of 1.08.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Friday, August 9th. The company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.40. Sylvamo had a net margin of 6.30% and a return on equity of 28.83%. The company had revenue of $933.00 million during the quarter, compared to analyst estimates of $937.56 million. During the same quarter last year, the business posted $1.14 EPS. Sylvamo’s quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts anticipate that Sylvamo will post 7.4 earnings per share for the current year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, October 3rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 2.11%. Sylvamo’s dividend payout ratio is 38.38%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Creative Planning boosted its holdings in Sylvamo by 430.8% in the 3rd quarter. Creative Planning now owns 41,017 shares of the company’s stock valued at $3,521,000 after purchasing an additional 33,289 shares during the period. Wedge Capital Management L L P NC boosted its holdings in Sylvamo by 6.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 19,352 shares of the company’s stock valued at $1,661,000 after purchasing an additional 1,120 shares during the period. MorganRosel Wealth Management LLC bought a new position in Sylvamo in the 3rd quarter valued at $1,502,000. Inspire Investing LLC bought a new position in Sylvamo in the 3rd quarter valued at $2,391,000. Finally, Ritholtz Wealth Management bought a new position in Sylvamo in the 3rd quarter valued at $575,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Sylvamo Company Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.