International Paper (NYSE:IP – Get Free Report) had its price objective decreased by research analysts at Truist Financial from $49.00 to $41.00 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Truist Financial’s target price would suggest a potential upside of 28.79% from the company’s previous close.
Several other equities research analysts also recently weighed in on IP. Bank of America upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Friday, September 11th. Zacks Research raised International Paper from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings cut International Paper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Seaport Research Partners reaffirmed a “buy” rating and set a $46.00 price objective on shares of International Paper in a research report on Wednesday, August 12th. Finally, Wall Street Zen downgraded International Paper from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, International Paper presently has an average rating of “Moderate Buy” and a consensus target price of $46.90.
Read Our Latest Stock Analysis on IP
International Paper Stock Performance
International Paper (NYSE:IP – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.19 billion. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%. The firm’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. On average, research analysts anticipate that International Paper will post 1.31 EPS for the current year.
Insiders Place Their Bets
In other news, CAO Holly G. Goughnour sold 3,500 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total value of $146,860.00. Following the completion of the transaction, the chief accounting officer owned 34,248 shares in the company, valued at $1,437,046.08. This trade represents a 9.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP William Hamic sold 24,500 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $41.20, for a total transaction of $1,009,400.00. Following the completion of the sale, the vice president owned 106,952 shares of the company’s stock, valued at $4,406,422.40. This trade represents a 18.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.
Hedge Funds Weigh In On International Paper
Hedge funds and other institutional investors have recently bought and sold shares of the company. Man Group plc purchased a new position in shares of International Paper in the second quarter valued at $24,640,000. Amundi purchased a new stake in shares of International Paper in the 2nd quarter worth about $82,666,000. HighTower Advisors LLC purchased a new stake in shares of International Paper in the 2nd quarter worth about $1,603,000. D.A. Davidson & CO. boosted its position in shares of International Paper by 29.6% in the 1st quarter. D.A. Davidson & CO. now owns 137,856 shares of the basic materials company’s stock worth $4,921,000 after buying an additional 31,518 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in International Paper by 50.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,167,393 shares of the basic materials company’s stock valued at $44,478,000 after acquiring an additional 389,092 shares during the last quarter. 81.95% of the stock is owned by institutional investors and hedge funds.
About International Paper
International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and paper products. The company manufactures corrugated packaging, containerboard and other fiber-based packaging solutions used to protect, transport and display goods, along with market pulp and specialty paper products.
Founded in 1898, International Paper has developed operations serving customers across North America and Europe. Its activities also include recycling and the recovery of fiber used in paper and packaging production, supporting the company’s focus on renewable and recyclable materials.
International Paper completed its combination with DS Smith in 2025, expanding its geographic reach and packaging capabilities.
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