International Paper (NYSE:IP) Receives $51.54 Consensus Target Price from Analysts

Shares of International Paper (NYSE:IP) have received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $51.54.

A number of research firms have recently weighed in on IP. Truist Financial restated a “buy” rating and issued a $61.00 target price (up previously from $57.00) on shares of International Paper in a report on Friday, November 1st. Royal Bank of Canada raised their price objective on International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, BNP Paribas lowered shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a research note on Wednesday, November 13th.

Insider Buying and Selling

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $53.50, for a total transaction of $32,100.00. Following the completion of the transaction, the director now directly owns 38,345 shares of the company’s stock, valued at approximately $2,051,457.50. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 2,400 shares of company stock worth $129,696. Insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IP. Brooklyn Investment Group purchased a new stake in shares of International Paper during the 3rd quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new position in shares of International Paper in the third quarter worth $28,000. Ashton Thomas Securities LLC bought a new position in shares of International Paper in the third quarter worth $28,000. Innealta Capital LLC purchased a new position in shares of International Paper in the second quarter valued at $26,000. Finally, Eastern Bank purchased a new stake in International Paper during the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

International Paper Stock Performance

NYSE IP opened at $54.49 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $55.40 and a 200 day simple moving average of $49.72. International Paper has a 12-month low of $32.70 and a 12-month high of $60.36. The company has a market cap of $18.93 billion, a P/E ratio of 46.57 and a beta of 1.02.

International Paper (NYSE:IP) last posted its earnings results on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.24 by $0.20. International Paper had a net margin of 2.25% and a return on equity of 6.49%. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same period in the previous year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts predict that International Paper will post 1.18 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.85 annualized dividend and a yield of 3.40%. International Paper’s payout ratio is currently 158.12%.

About International Paper

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.