Sylvamo (NYSE:SLVM) Hits New 1-Year Low – Should You Sell?

Sylvamo Corporation (NYSE:SLVM) shares reached a new 52-week low on Tuesday . The company traded as low as $35.28 and last traded at $35.5650, with a volume of 11449 shares changing hands. The stock had previously closed at $35.92.

Analysts Set New Price Targets

A number of research firms have commented on SLVM. Truist Financial reaffirmed a “buy” rating and set a $49.00 price objective (down from $51.00) on shares of Sylvamo in a research report on Monday, August 10th. Zacks Research lowered shares of Sylvamo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada cut their target price on shares of Sylvamo from $49.00 to $46.00 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Bank of America reaffirmed a “neutral” rating and set a $45.00 target price on shares of Sylvamo in a report on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of Sylvamo from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $46.67.

Sylvamo Trading Up 3.8%

The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.80 and a current ratio of 1.47. The business has a fifty day simple moving average of $37.98 and a 200 day simple moving average of $40.47. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.24 and a beta of 0.86.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Sylvamo had a return on equity of 8.36% and a net margin of 2.31%.The firm had revenue of $806.00 million for the quarter, compared to analysts’ expectations of $811.25 million. During the same quarter last year, the business earned $0.37 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, research analysts expect that Sylvamo Corporation will post 1.53 EPS for the current year.

Insiders Place Their Bets

In other Sylvamo news, Director Lizanne M. Bruce sold 1,230 shares of Sylvamo stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $41.70, for a total value of $51,291.00. Following the completion of the sale, the director owned 14,475 shares in the company, valued at $603,607.50. The trade was a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sylvamo

Hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. grew its position in Sylvamo by 171.2% during the fourth quarter. UMB Bank n.a. now owns 564 shares of the company’s stock worth $27,000 after buying an additional 356 shares in the last quarter. Nykredit A S acquired a new position in Sylvamo in the 2nd quarter valued at $33,000. International Assets Investment Management LLC bought a new stake in shares of Sylvamo during the 4th quarter valued at $38,000. Advisory Services Network LLC bought a new stake in shares of Sylvamo during the 3rd quarter valued at $38,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Sylvamo by 162.7% during the 4th quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock worth $40,000 after purchasing an additional 519 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

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.