ValuEngine upgraded shares of Champion International Paper (NYSE:IP) from a sell rating to a hold rating in a research note issued to investors on Friday morning.
IP has been the topic of a number of other research reports. BMO Capital Markets restated a buy rating and set a $70.00 target price on shares of Champion International Paper in a report on Thursday, January 25th. DA Davidson boosted their target price on shares of Champion International Paper to $74.00 and gave the company a buy rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Champion International Paper from a buy rating to a hold rating in a research note on Monday, April 30th. Wells Fargo cut shares of Champion International Paper from an outperform rating to a market perform rating and set a $60.00 price target on the stock. in a research note on Wednesday, March 7th. Finally, Royal Bank of Canada cut shares of Champion International Paper from an outperform rating to a sector perform rating and upped their price target for the stock from $53.75 to $56.00 in a research note on Tuesday, April 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $62.85.
Shares of IP stock traded down $0.10 during mid-day trading on Friday, reaching $54.96. 2,145,602 shares of the company’s stock traded hands, compared to its average volume of 2,622,587. Champion International Paper has a 12 month low of $50.00 and a 12 month high of $66.94. The stock has a market cap of $22.80 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.18 and a beta of 1.52. The company has a current ratio of 1.63, a quick ratio of 1.17 and a debt-to-equity ratio of 1.48.
Champion International Paper (NYSE:IP) last announced its earnings results on Thursday, April 26th. The basic materials company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.05. Champion International Paper had a net margin of 11.57% and a return on equity of 28.21%. The firm had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. sell-side analysts forecast that Champion International Paper will post 4.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 25th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Thursday, May 24th. Champion International Paper’s payout ratio is 54.44%.
A number of institutional investors have recently made changes to their positions in the stock. Honeywell International Inc. lifted its stake in Champion International Paper by 12.1% during the 4th quarter. Honeywell International Inc. now owns 372,900 shares of the basic materials company’s stock valued at $21,606,000 after acquiring an additional 40,300 shares during the period. Bluestein R H & Co. lifted its stake in Champion International Paper by 11.7% during the 4th quarter. Bluestein R H & Co. now owns 394,166 shares of the basic materials company’s stock valued at $22,838,000 after acquiring an additional 41,206 shares during the period. G&S Capital LLC bought a new position in Champion International Paper during the 4th quarter valued at about $1,596,000. Cornerstone Capital Management Holdings LLC. lifted its stake in Champion International Paper by 9.4% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 77,630 shares of the basic materials company’s stock valued at $4,497,000 after acquiring an additional 6,696 shares during the period. Finally, Clark Capital Management Group Inc. lifted its stake in Champion International Paper by 6.6% during the 4th quarter. Clark Capital Management Group Inc. now owns 246,764 shares of the basic materials company’s stock valued at $14,297,000 after acquiring an additional 15,243 shares during the period. Institutional investors own 81.63% of the company’s stock.
About Champion International Paper
International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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