International Paper Co (NYSE:IP) has been assigned an average rating of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $52.40.
A number of equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of International Paper from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. UBS Group lowered their target price on shares of International Paper from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Royal Bank of Canada downgraded shares of International Paper from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $54.00 to $47.00 in a research note on Friday, April 5th. Citigroup boosted their target price on shares of International Paper from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Bank of America downgraded shares of International Paper from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th.
In other International Paper news, SVP W. Michael Jr. Amick sold 9,093 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $47.65, for a total value of $433,281.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeanmichel Ribieras sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $47.15, for a total transaction of $471,500.00. The disclosure for this sale can be found here. Insiders sold 46,760 shares of company stock valued at $2,195,857 in the last 90 days. 0.33% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bremer Trust National Association acquired a new stake in shares of International Paper during the fourth quarter worth about $25,000. Advisory Alpha LLC acquired a new stake in shares of International Paper during the first quarter worth about $25,000. Baldwin Brothers Inc. MA acquired a new stake in shares of International Paper during the fourth quarter worth about $26,000. Ameritas Investment Corp acquired a new stake in shares of International Paper during the first quarter worth about $27,000. Finally, Bremer Bank National Association acquired a new stake in shares of International Paper during the first quarter worth about $28,000. Institutional investors own 82.57% of the company’s stock.
Shares of IP stock traded up $1.31 on Thursday, reaching $44.51. 3,205,522 shares of the stock were exchanged, compared to its average volume of 2,932,140. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 1.37. The company has a market cap of $17.91 billion, a P/E ratio of 8.37, a PEG ratio of 1.74 and a beta of 1.55. International Paper has a twelve month low of $37.55 and a twelve month high of $59.57.
International Paper (NYSE:IP) last issued its earnings results on Thursday, April 25th. The basic materials company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.20. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.73 billion. International Paper had a net margin of 7.32% and a return on equity of 31.35%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. On average, equities analysts forecast that International Paper will post 5.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 24th. This represents a $2.00 annualized dividend and a yield of 4.49%. International Paper’s dividend payout ratio is presently 37.59%.
International Paper Company Profile
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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