International Paper (NYSE:IP) has been given a $66.00 price objective by investment analysts at Stephens in a report released on Wednesday, January 10th. The brokerage currently has a “hold” rating on the basic materials company’s stock. Stephens’ target price indicates a potential upside of 6.16% from the stock’s previous close.
Several other analysts also recently issued reports on IP. Zacks Investment Research downgraded International Paper from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. KeyCorp restated a “hold” rating on shares of International Paper in a research note on Thursday, October 12th. Barclays increased their price target on shares of International Paper from $50.00 to $52.00 and gave the stock an “underweight” rating in a research report on Monday, October 30th. BMO Capital Markets reaffirmed a “buy” rating and set a $62.00 price target on shares of International Paper in a research report on Friday, November 24th. Finally, Deutsche Bank reissued a “hold” rating and issued a $56.00 target price (up previously from $54.00) on shares of International Paper in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $65.25.
International Paper (NYSE IP) traded up $0.50 during mid-day trading on Wednesday, reaching $62.17. The company had a trading volume of 4,197,376 shares, compared to its average volume of 2,300,000. International Paper has a 12-month low of $49.60 and a 12-month high of $66.94. The stock has a market cap of $25,670.00, a price-to-earnings ratio of 12.31, a P/E/G ratio of 1.40 and a beta of 1.50. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.
International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. International Paper had a return on equity of 29.53% and a net margin of 9.36%. The business had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the firm posted $0.67 EPS. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. analysts anticipate that International Paper will post 4.63 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of International Paper by 4.4% during the 2nd quarter. BlackRock Inc. now owns 38,831,623 shares of the basic materials company’s stock valued at $2,198,257,000 after buying an additional 1,648,915 shares during the period. Iridian Asset Management LLC CT lifted its stake in shares of International Paper by 20.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 6,432,080 shares of the basic materials company’s stock valued at $365,471,000 after purchasing an additional 1,090,030 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of International Paper by 103.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,916,057 shares of the basic materials company’s stock valued at $108,468,000 after purchasing an additional 976,180 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of International Paper by 1,517.8% in the 2nd quarter. Janus Henderson Group PLC now owns 853,585 shares of the basic materials company’s stock valued at $48,322,000 after purchasing an additional 800,823 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its stake in shares of International Paper by 119.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,126,602 shares of the basic materials company’s stock valued at $63,777,000 after purchasing an additional 613,985 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.
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International Paper Company Profile
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.
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