Sylvamo (NYSE:SLVM) Stock Price Down 7.6% – Should You Sell?

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada lifted their price target 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. Sidoti began coverage on Sylvamo in a research note on Tuesday, October 15th. They issued a “buy” rating and a $100.00 target price for the company. Finally, Bank of America increased their price objective on Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd.

Sylvamo Trading Down 6.9 %

The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.05 and a current ratio of 1.68. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 5.11 and a beta of 1.08. The business’s 50 day moving average price is $83.21 and its 200-day moving average price is $75.06.

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

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 2.03%. Sylvamo’s dividend payout ratio (DPR) is currently 32.55%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. increased its stake in Sylvamo by 83,084.0% during the 3rd quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock valued at $197,815,000 after purchasing an additional 2,301,427 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Sylvamo during the 2nd quarter valued at about $62,101,000. American Century Companies Inc. boosted its position in Sylvamo by 53.2% during the 2nd quarter. American Century Companies Inc. now owns 662,953 shares of the company’s stock worth $45,479,000 after acquiring an additional 230,291 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Sylvamo in the second quarter worth $9,997,000. Finally, Vanguard Group Inc. raised its position in shares of Sylvamo by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 2,830,756 shares of the company’s stock valued at $174,771,000 after acquiring an additional 138,655 shares during the period. 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.