Stephens Initiates Coverage on International Paper Company (NYSE:IP)

Analysts at Stephens started coverage on shares of International Paper Company (NYSE:IP) in a research note issued on Tuesday, October 24th, MarketBeat.com reports. The firm set an “equal weight” rating and a $60.00 price target on the stock.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada restated a “buy” rating and set a $65.00 price objective on shares of International Paper in a research report on Monday, October 23rd. ValuEngine lowered shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Jefferies Group LLC reissued a “buy” rating and issued a $66.00 price target (up from $65.00) on shares of International Paper in a research report on Friday, July 14th. Zacks Investment Research lowered shares of International Paper from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, Vertical Research reaffirmed a “buy” rating on shares of International Paper in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$61.73.



International Paper (IP) opened at C$54.85 on Tuesday. The firm has a market cap of $22,649.10, a price-to-earnings ratio of 17.92, a PEG ratio of 1.65 and a beta of 1.46. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31. International Paper has a 52 week low of C$45.19 and a 52 week high of C$58.96.

International Paper (NYSE:IP) last issued its earnings results on Wednesday, October 25th. The company reported C$1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.04 by C$0.04. The company had revenue of C$5.91 billion for the quarter, compared to analysts’ expectations of C$5.85 billion. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. analysts anticipate that International Paper will post 3.5 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of International Paper by 4.4% in the second quarter. BlackRock Inc. now owns 38,831,623 shares of the company’s stock valued at $2,198,257,000 after buying an additional 1,648,915 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of International Paper by 0.6% in the second quarter. Vanguard Group Inc. now owns 29,065,508 shares of the company’s stock valued at $1,645,398,000 after buying an additional 184,066 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of International Paper by 13.1% in the second quarter. Bank of New York Mellon Corp now owns 7,226,283 shares of the company’s stock valued at $409,080,000 after buying an additional 836,888 shares during the last quarter. Iridian Asset Management LLC CT raised its holdings in shares of International Paper by 20.4% in the third quarter. Iridian Asset Management LLC CT now owns 6,432,080 shares of the company’s stock valued at $365,471,000 after buying an additional 1,090,030 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of International Paper by 3.8% in the first quarter. Clearbridge Investments LLC now owns 6,372,069 shares of the company’s stock valued at $323,574,000 after buying an additional 230,750 shares during the last quarter. 83.30% of the stock is owned by institutional investors.

About International Paper

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

Analyst Recommendations for International Paper (NYSE:IP)

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