Sylvamo’s (SLVM) “Underperform” Rating Reiterated at Bank of America

Bank of America reaffirmed their underperform rating on shares of Sylvamo (NYSE:SLVM) in a research report released on Wednesday morning, MarketBeat reports. The firm currently has a $96.00 price objective on the stock.

Separately, Sidoti assumed coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target for the company.

Sylvamo Trading Down 1.6 %

Shares of Sylvamo stock opened at $87.77 on Wednesday. The firm has a 50-day simple moving average of $87.78 and a two-hundred day simple moving average of $78.59. The company has a market cap of $3.60 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 3.01 and a beta of 1.08. Sylvamo has a fifty-two week low of $44.94 and a fifty-two week high of $98.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.26. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate of $960.47 million. During the same quarter in the prior year, the firm posted $1.70 earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts predict that Sylvamo will post 7.06 earnings per share for the current fiscal year.

Institutional Trading of Sylvamo

Large investors have recently bought and sold shares of the business. CWM LLC grew its stake in Sylvamo by 62.5% during the 2nd quarter. CWM LLC now owns 408 shares of the company’s stock valued at $28,000 after acquiring an additional 157 shares in the last quarter. Independence Bank of Kentucky grew its stake in Sylvamo by 6,733.3% during the 2nd quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock valued at $28,000 after acquiring an additional 404 shares in the last quarter. Fifth Third Bancorp grew its stake in Sylvamo by 149.3% during the 2nd quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock valued at $35,000 after acquiring an additional 303 shares in the last quarter. Fortitude Family Office LLC grew its stake in shares of Sylvamo by 116.6% in the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after buying an additional 239 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Sylvamo by 59.0% in the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $40,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

About Sylvamo

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.