International Paper (NYSE:IP) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Tuesday, May 29th.
Other research analysts also recently issued reports about the company. UBS Group started coverage on International Paper in a report on Thursday, March 29th. They issued a “buy” rating and a $63.00 target price on the stock. Zacks Investment Research upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, February 6th. DA Davidson boosted their price objective on shares of International Paper to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Bank of America boosted their price objective on shares of International Paper from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, KeyCorp reiterated a “hold” rating on shares of International Paper in a research report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $65.23.
Shares of International Paper stock traded down $0.36 during trading on Tuesday, reaching $56.84. The company’s stock had a trading volume of 3,975,425 shares, compared to its average volume of 2,841,477. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.17 and a current ratio of 1.63. The firm has a market capitalization of $24.44 billion, a PE ratio of 16.29, a PEG ratio of 1.22 and a beta of 1.53. International Paper has a one year low of $50.00 and a one year high of $66.94.
International Paper (NYSE:IP) last released its earnings results on Thursday, April 26th. The basic materials company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. The business had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.48 billion. International Paper had a return on equity of 28.21% and a net margin of 11.57%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. research analysts forecast that International Paper will post 5.08 earnings per share for the current year.
In other news, insider Carleton C. Ealy sold 22,000 shares of the stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $56.79, for a total transaction of $1,249,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.32% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in IP. Calton & Associates Inc. bought a new position in shares of International Paper during the fourth quarter worth approximately $106,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of International Paper during the fourth quarter worth approximately $112,000. Wagner Wealth Management LLC bought a new position in shares of International Paper during the fourth quarter worth approximately $112,000. Private Capital Group LLC increased its holdings in shares of International Paper by 227.0% during the first quarter. Private Capital Group LLC now owns 2,093 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 1,453 shares during the period. Finally, Silvant Capital Management LLC bought a new position in shares of International Paper during the first quarter worth approximately $119,000. 82.08% of the stock is currently owned by hedge funds and other institutional investors.
International Paper Company Profile
International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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