Bank of America Securities Reaffirms Their Buy Rating on Sylvamo Corp (SLVM)
Bank of America Securities analyst George Staphos maintained a Buy rating on Sylvamo Corp yesterday and set a price target of $59.00.
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According to TipRanks, Staphos is a 4-star analyst with an average return of 3.7% and a 48.97% success rate. Staphos covers the Consumer Cyclical sector, focusing on stocks such as Avery Dennison, International Paper Co, and Packaging.
In addition to Bank of America Securities, Sylvamo Corp also received a Buy from TipRanks – DeepSeek’s DeepSeek Paper Lumber and Forest Products in a report issued on March 31. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Sylvamo Corp (NYSE: SLVM).
Based on Sylvamo Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $890 million and a net profit of $33 million. In comparison, last year the company earned a revenue of $970 million and had a net profit of $81 million
Based on the recent corporate insider activity of 47 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. Last month, Patrick Wilczynski, the SVP, Operational Excellence of SLVM sold 6,000.00 shares for a total of $253,680.00.
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