International Paper Co (NYSE:IP) has earned an average recommendation of “Hold” from the seventeen research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $63.91.
Several research firms recently weighed in on IP. BMO Capital Markets restated a “buy” rating and issued a $70.00 price target on shares of International Paper in a research note on Thursday. Stephens set a $66.00 price target on International Paper and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co restated an “outperform” rating and issued a $70.00 price target (up previously from $65.00) on shares of International Paper in a research note on Monday, January 8th. KeyCorp restated a “hold” rating on shares of International Paper in a research note on Tuesday, January 2nd. Finally, Bank of America upgraded International Paper from a “neutral” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Tuesday, January 2nd.
International Paper (NYSE:IP) traded up $0.59 during mid-day trading on Friday, hitting $65.34. The company’s stock had a trading volume of 1,945,770 shares, compared to its average volume of 2,265,242. International Paper has a 1 year low of $49.60 and a 1 year high of $66.94. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97. The stock has a market cap of $27,020.00, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 1.49 and a beta of 1.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be given a $0.475 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $1.90 annualized dividend and a yield of 2.91%. International Paper’s dividend payout ratio (DPR) is presently 87.56%.
A number of hedge funds have recently added to or reduced their stakes in the stock. BTC Capital Management Inc. lifted its position in International Paper by 2.2% in the 4th quarter. BTC Capital Management Inc. now owns 39,656 shares of the basic materials company’s stock valued at $2,305,000 after acquiring an additional 841 shares in the last quarter. Tarbox Family Office Inc. lifted its position in International Paper by 7.6% in the 4th quarter. Tarbox Family Office Inc. now owns 12,976 shares of the basic materials company’s stock valued at $752,000 after acquiring an additional 911 shares in the last quarter. Advisor Partners LLC lifted its position in International Paper by 9.4% in the 4th quarter. Advisor Partners LLC now owns 10,461 shares of the basic materials company’s stock valued at $664,000 after acquiring an additional 897 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in International Paper in the 4th quarter valued at approximately $2,691,000. Finally, FTB Advisors Inc. lifted its position in International Paper by 14.0% in the 4th quarter. FTB Advisors Inc. now owns 54,825 shares of the basic materials company’s stock valued at $3,269,000 after acquiring an additional 6,723 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.
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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.
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