Sylvamo Corp (SLVM – Research Report) received a Hold rating and a $44.00 price target from RBC Capital analyst Paul Quinn today. The company’s shares closed yesterday at $41.35.
Quinn covers the Basic Materials sector, focusing on stocks such as Clearwater Paper, Louisiana-Pacific, and West Fraser Timber Co. According to TipRanks, Quinn has an average return of 18.4% and a 58.03% success rate on recommended stocks.
Sylvamo Corp has an analyst consensus of Moderate Buy, with a price target consensus of $52.50.
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Based on Sylvamo Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $959 million and a net profit of $97 million. In comparison, last year the company earned a revenue of $912 million and had a GAAP net loss of $59 million
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Sylvamo Corp is engaged in producing various uncoated freesheet for paper products such as cutsize and offset paper, as well as market pulp, aseptic and liquid packaging board and coated unbleached kraft papers. The company offers Copy and Printer papers, Commercial Printing papers, Converting papers and Specialty papers.
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