RBC Capital analyst Matt McKellar maintained a Hold rating on Sylvamo Corp (SLVM – Research Report) yesterday and set a price target of $63.00. The company’s shares closed last Friday at $64.42.
According to TipRanks, McKellar is a 3-star analyst with an average return of 2.8% and a 50.91% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co, Clearwater Paper, and Mercer International.
The word on The Street in general, suggests a Hold analyst consensus rating for Sylvamo Corp with a $63.00 average price target.
Based on Sylvamo Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $946 million and a net profit of $49 million. In comparison, last year the company earned a revenue of $927 million and had a net profit of $65 million
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SLVM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sylvamo Corp (SLVM) Company Description:
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.
