RBC Capital Sticks to Its Hold Rating for Sylvamo Corp (SLVM)
In a report released yesterday, Matt McKellar from RBC Capital maintained a Hold rating on Sylvamo Corp, with a price target of $61.00. The company’s shares closed yesterday at $50.59.
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McKellar covers the Basic Materials sector, focusing on stocks such as Clearwater Paper, Mercer International, and Rayonier Advanced Materials. According to TipRanks, McKellar has an average return of 3.5% and a 44.19% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Sylvamo Corp with a $62.50 average price target.
SLVM market cap is currently $2.06B and has a P/E ratio of 7.41.
Based on the recent corporate insider activity of 46 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, Lizanne Gottung, a Director at SLVM sold 2,000.00 shares for a total of $105,200.00.
