Analysts Set International Paper (NYSE:IP) PT at $63.17

Shares of International Paper (NYSE:IP) have been assigned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $63.17.

IP has been the topic of several recent analyst reports. Zacks Investment Research downgraded International Paper from a “strong-buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a research note on Monday, July 19th. Jefferies Financial Group lifted their target price on International Paper from $78.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, June 4th. Argus upgraded International Paper from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Friday, June 11th. Wells Fargo & Company raised their price target on International Paper from $66.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, June 7th. Finally, Stephens upgraded International Paper from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $58.00 to $80.00 in a report on Monday, June 28th.

Several institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in International Paper by 15.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,153,278 shares of the basic materials company’s stock worth $2,495,508,000 after purchasing an additional 6,109,887 shares during the period. Royal Bank of Canada increased its holdings in shares of International Paper by 40.2% in the first quarter. Royal Bank of Canada now owns 7,488,345 shares of the basic materials company’s stock valued at $404,896,000 after purchasing an additional 2,147,254 shares during the last quarter. State Street Corp grew its position in International Paper by 3.4% in the second quarter. State Street Corp now owns 25,038,719 shares of the basic materials company’s stock worth $1,535,124,000 after acquiring an additional 820,092 shares during the period. Bank of Nova Scotia grew its position in International Paper by 229.6% in the first quarter. Bank of Nova Scotia now owns 1,163,781 shares of the basic materials company’s stock worth $62,926,000 after acquiring an additional 810,665 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in International Paper by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,852,369 shares of the basic materials company’s stock worth $262,368,000 after acquiring an additional 684,543 shares during the period. Hedge funds and other institutional investors own 81.58% of the company’s stock.

NYSE IP opened at $57.75 on Friday. The stock’s 50-day moving average price is $59.15 and its 200-day moving average price is $58.81. The company has a quick ratio of 1.20, a current ratio of 1.42 and a debt-to-equity ratio of 0.85. International Paper has a 52 week low of $38.38 and a 52 week high of $65.27. The company has a market capitalization of $22.57 billion, a P/E ratio of 20.05 and a beta of 1.05.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, July 29th. The basic materials company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.05 by $0.01. International Paper had a return on equity of 16.67% and a net margin of 5.33%. The firm had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.60 billion. Research analysts anticipate that International Paper will post 4.87 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Monday, August 16th will be paid a dividend of $0.5125 per share. The ex-dividend date is Friday, August 13th. This represents a $2.05 annualized dividend and a yield of 3.55%. International Paper’s payout ratio is presently 73.21%.

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.

Featured Article: How to Invest in an Index Fund

Analyst Recommendations for International Paper (NYSE:IP)

Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.