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

Equities researchers at Sidoti initiated coverage on shares of Sylvamo (NYSE:SLVM) in a note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $100.00 price target on the stock. Sidoti’s price objective points to a potential upside of 18.78% from the company’s current price.

SLVM has been the subject of several other research reports. Royal Bank of Canada lifted their target price on shares of Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. Bank of America lifted their price objective on shares of Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd.

Sylvamo Trading Up 0.6 %

NYSE:SLVM opened at $84.19 on Tuesday. The firm’s 50 day moving average is $78.51 and its 200 day moving average is $71.21. Sylvamo has a 12 month low of $41.47 and a 12 month high of $88.42. The stock has a market capitalization of $3.46 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 4.84 and a beta of 1.08. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 1.08.

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

Hedge Funds Weigh In On Sylvamo

Several hedge funds have recently bought and sold shares of SLVM. CWM LLC lifted its stake in Sylvamo by 62.5% in the 2nd quarter. CWM LLC now owns 408 shares of the company’s stock worth $28,000 after purchasing an additional 157 shares in the last quarter. Independence Bank of Kentucky increased its holdings in shares of Sylvamo by 6,733.3% in the second quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 404 shares during the period. Fifth Third Bancorp raised its position in shares of Sylvamo by 149.3% in the second quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock worth $35,000 after buying an additional 303 shares in the last quarter. GAMMA Investing LLC boosted its stake in Sylvamo by 59.0% during the third 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. Finally, Lazard Asset Management LLC purchased a new position in Sylvamo during the first quarter worth about $45,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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.