Sylvamo Co. (NYSE:SLVM – Get Free Report)’s share price reached a new 52-week high on Monday after Bank of America raised their price target on the stock from $82.00 to $88.00. Bank of America currently has a neutral rating on the stock. Sylvamo traded as high as $88.42 and last traded at $86.71, with a volume of 122041 shares. The stock had previously closed at $87.18.
Separately, Royal Bank of Canada boosted their price target on shares of Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a report on Monday, August 12th.
Read Our Latest Research Report on SLVM
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Sylvamo Stock Performance
The company has a debt-to-equity ratio of 1.08, a current ratio of 1.68 and a quick ratio of 1.05. The stock has a fifty day simple moving average of $74.93 and a two-hundred day simple moving average of $68.68. The firm has a market capitalization of $3.50 billion, a P/E ratio of 17.85, a P/E/G ratio of 4.60 and a beta of 1.07.
Sylvamo (NYSE:SLVM – Get Free Report) last released its quarterly earnings data on Friday, August 9th. The company reported $1.98 earnings per share for the quarter, beating 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 firm had revenue of $933.00 million for the quarter, compared to analyst estimates of $937.56 million. During the same period last year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, research analysts predict that Sylvamo Co. will post 7.4 EPS for the current year.
Sylvamo Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, October 3rd. Sylvamo’s dividend payout ratio is 38.38%.
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.
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