Brokerages Set International Paper Company (NYSE:IP) PT at $44.31

Shares of International Paper Company (NYSE:IPGet Free Report) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $44.3083.

Several research firms have weighed in on IP. Wells Fargo & Company lifted their target price on International Paper from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Zacks Research raised shares of International Paper from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. UBS Group decreased their price target on shares of International Paper from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of International Paper in a research report on Friday. Finally, Seaport Research Partners upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Friday, May 1st.

View Our Latest Research Report on International Paper

International Paper Price Performance

IP opened at $42.33 on Thursday. The firm has a market capitalization of $22.41 billion, a P/E ratio of -6.66 and a beta of 0.94. The stock has a fifty day moving average of $35.92 and a 200-day moving average of $37.98. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. International Paper has a 12-month low of $29.26 and a 12-month high of $56.13.

International Paper (NYSE:IPGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The business had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.02 billion. International Paper had a negative net margin of 13.42% and a negative return on equity of 0.49%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. Equities analysts forecast that International Paper will post 1.39 EPS for the current fiscal year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, August 14th. International Paper’s payout ratio is currently -29.09%.

Insider Buying and Selling at International Paper

In related news, Director Scott Tozier purchased 10,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $31.30 per share, with a total value of $313,000.00. Following the completion of the purchase, the director owned 10,025 shares of the company’s stock, valued at $313,782.50. The trade was a 40,000.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Capital International Investors raised its stake in shares of International Paper by 29.4% during the 4th quarter. Capital International Investors now owns 63,413,335 shares of the basic materials company’s stock worth $2,498,013,000 after purchasing an additional 14,422,616 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of International Paper by 81.6% in the 4th quarter. Franklin Resources Inc. now owns 14,832,952 shares of the basic materials company’s stock valued at $584,270,000 after buying an additional 6,663,986 shares in the last quarter. Norges Bank bought a new stake in shares of International Paper in the 4th quarter valued at approximately $250,093,000. Bank of New York Mellon Corp increased its holdings in International Paper by 66.2% in the first quarter. Bank of New York Mellon Corp now owns 13,601,299 shares of the basic materials company’s stock worth $485,566,000 after buying an additional 5,417,274 shares during the last quarter. Finally, Atlas FRM LLC increased its holdings in International Paper by 56.2% in the fourth quarter. Atlas FRM LLC now owns 5,000,000 shares of the basic materials company’s stock worth $196,950,000 after buying an additional 1,800,000 shares during the last quarter. Hedge funds and other institutional investors own 81.95% of the company’s stock.

International Paper Company Profile

(Get Free Report)

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.

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Analyst Recommendations for International Paper (NYSE:IP)

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