International Paper (NYSE:IP) has been assigned a $50.00 price target by stock analysts at Stephens in a research note issued to investors on Wednesday, TipRanks reports. The firm presently has a “hold” rating on the basic materials company’s stock. Stephens’ price target indicates a potential upside of 20.31% from the stock’s previous close.
Several other research firms have also recently weighed in on IP. KeyCorp reiterated a “sell” rating and issued a $38.00 price objective on shares of International Paper in a report on Thursday, July 25th. Wells Fargo & Co dropped their price objective on International Paper from $43.00 to $42.00 and set a “market perform” rating for the company in a report on Tuesday. Citigroup cut International Paper from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $53.00 to $45.00 in a report on Thursday, July 11th. ValuEngine cut International Paper from a “hold” rating to a “sell” rating in a report on Thursday. Finally, UBS Group set a $50.00 price objective on International Paper and gave the stock a “buy” rating in a report on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. International Paper currently has a consensus rating of “Hold” and an average target price of $45.40.
NYSE IP traded up $1.33 on Wednesday, hitting $41.56. The company’s stock had a trading volume of 3,752,940 shares, compared to its average volume of 3,151,396. International Paper has a 52-week low of $36.45 and a 52-week high of $48.24. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 1.38. The company’s 50-day simple moving average is $39.92 and its 200 day simple moving average is $42.90. The firm has a market cap of $15.10 billion, a P/E ratio of 7.81, a PEG ratio of 1.72 and a beta of 1.53.
International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, July 25th. The basic materials company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.14. International Paper had a return on equity of 30.14% and a net margin of 6.88%. The business had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter last year, the business posted $1.19 EPS. The business’s revenue was down 2.8% on a year-over-year basis. On average, research analysts forecast that International Paper will post 4.47 EPS for the current fiscal year.
In other news, SVP Sharon R. Ryan sold 22,507 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $44.97, for a total value of $1,012,139.79. Following the completion of the transaction, the senior vice president now owns 61,554 shares in the company, valued at approximately $2,768,083.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Timothy S. Nicholls sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $42.44, for a total value of $1,909,800.00. Following the completion of the transaction, the senior vice president now owns 60,490 shares of the company’s stock, valued at approximately $2,567,195.60. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in IP. Pacer Advisors Inc. increased its position in International Paper by 34.0% during the 3rd quarter. Pacer Advisors Inc. now owns 156,510 shares of the basic materials company’s stock valued at $6,545,000 after buying an additional 39,703 shares in the last quarter. American National Bank increased its position in International Paper by 9.0% during the 3rd quarter. American National Bank now owns 9,417 shares of the basic materials company’s stock valued at $394,000 after buying an additional 778 shares in the last quarter. Butensky & Cohen Financial Security Inc. increased its position in International Paper by 10.4% during the 3rd quarter. Butensky & Cohen Financial Security Inc. now owns 56,014 shares of the basic materials company’s stock valued at $2,343,000 after buying an additional 5,275 shares in the last quarter. Ellis Investment Partners LLC increased its position in International Paper by 15.2% during the 3rd quarter. Ellis Investment Partners LLC now owns 2,457 shares of the basic materials company’s stock valued at $98,000 after buying an additional 325 shares in the last quarter. Finally, IMS Capital Management bought a new position in International Paper during the 3rd quarter valued at approximately $447,000. Institutional investors own 81.65% of the company’s stock.
About International Paper
International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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