Sidoti & Co. Rates Sylvamo as a Buy, but Analysts Expect Price Drop
New Coverage Highlights Major Price Target Adjustments
Fintel reports that on October 15, 2024, Sidoti & Co. initiated coverage of Sylvamo (MUN:88L) with a Buy recommendation.
Analyst Price Forecast Indicates Significant Decrease
As of December 20, 2023, the average one-year price target for Sylvamo is 50.49 €/share. Predictions vary, estimating a low of 44.44 € and a high of 57.75 €. This average indicates a decline of 35.80% from its most recent closing price of 78.65 € / share.
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Projected Annual Revenue Shows Slight Decline
The anticipated annual revenue for Sylvamo stands at 3,638MM, reflecting a decrease of 1.65%. The forecasted annual non-GAAP EPS is 5.16.
Investment Interest from Funds and Institutions
Currently, 713 funds or institutions hold positions in Sylvamo, an increase of 52 owners or 7.87% from the previous quarter. The average portfolio weight of all funds invested in 88L is 0.22%, which is up by 2.86%. However, total shares owned by institutions have dropped by 0.54% in the last three months to 41,141K shares.
Atlas FRM retains 6,312K shares, representing 15.40% ownership, showing no changes in the last quarter.
The iShares Core S&P Small-Cap ETF holds 2,261K shares, or 5.51% ownership, reflecting a decrease from its previous 2,394K shares, a drop of 5.90%. Notably, the firm enhanced its portfolio allocation in 88L by 8.97% last quarter.
Nomura Holdings maintains ownership of 2,150K shares, accounting for 5.24%, with no changes reported.
Lsv Asset Management has 1,749K shares, representing 4.27% ownership. It previously reported 1,758K shares, marking a reduction of 0.51%. Nonetheless, the firm raised its position in 88L by 17.06% over the past quarter.
Royal London Asset Management holds 1,684K shares, equating to 4.11% ownership, down from 1,957K shares last quarter, reflecting a decrease of 16.26%. This firm also reduced its portfolio allocation in 88L by 2.10%.
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This story originally appeared on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
