Sylvamo (NYSE:SLVM) Stock Price Down 7.6% – Time to Sell?

Sylvamo Co. (NYSE:SLVM) fell 7.6% on Tuesday . The stock traded as low as $87.15 and last traded at $88.19. 57,638 shares were traded during trading, a decline of 82% from the average session volume of 312,381 shares. The stock had previously closed at $95.44.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SLVM shares. Sidoti assumed coverage on Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price target for the company. Bank of America raised their price target on shares of Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada increased their target price on shares of Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th.

Sylvamo Price Performance

The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 5.11 and a beta of 1.08. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 1.08. The stock’s 50 day moving average price is $83.21 and its two-hundred day moving average price is $75.06.

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

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Thursday, October 3rd. Sylvamo’s dividend payout ratio is presently 32.55%.

Hedge Funds Weigh In On Sylvamo

A number of large investors have recently added to or reduced their stakes in SLVM. Pitcairn Co. purchased a new position in shares of Sylvamo during the third quarter valued at approximately $303,000. Algert Global LLC increased its stake in Sylvamo by 190.2% in the third quarter. Algert Global LLC now owns 10,290 shares of the company’s stock valued at $883,000 after purchasing an additional 6,744 shares during the last quarter. Citigroup Inc. lifted its holdings in Sylvamo by 67.0% in the third quarter. Citigroup Inc. now owns 46,518 shares of the company’s stock valued at $3,994,000 after acquiring an additional 18,657 shares during the period. Pacer Advisors Inc. grew its holdings in Sylvamo by 83,084.0% in the 3rd quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock valued at $197,815,000 after buying an additional 2,301,427 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Sylvamo during the third quarter valued at about $3,046,000. 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.