International Paper Company (NYSE:IP) Receives $49.23 Average Price Target from Brokerages

by · The Cerbat Gem

Shares of International Paper Company (NYSE:IP – Get Free Report) have received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $48.9833.

Several brokerages have recently weighed in on IP. Jefferies Financial Group lowered their target price on International Paper from $51.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. UBS Group lowered their price objective on International Paper from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Truist Financial upped their target price on International Paper from $47.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday. Seaport Res Ptn lowered International Paper from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Zacks Research raised shares of International Paper from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th.

Check Out Our Latest Stock Report on International Paper

International Paper Price Performance

International Paper stock opened at $40.98 on Friday. The company has a fifty day simple moving average of $38.63 and a 200-day simple moving average of $44.92. The firm has a market capitalization of $21.64 billion, a price-to-earnings ratio of -15.70, a PEG ratio of 0.37 and a beta of 1.10. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. International Paper has a 52-week low of $35.56 and a 52-week high of $60.15.

International Paper (NYSE:IP – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The basic materials company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.96). International Paper had a negative return on equity of 0.16% and a negative net margin of 5.45%.The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.76 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The business’s revenue was up 56.4% compared to the same quarter last year. On average, equities analysts anticipate that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.5%. International Paper’s dividend payout ratio (DPR) is -70.88%.

Insider Activity

In other news, SVP Clay R. Ellis sold 18,819 shares of International Paper stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $36.85, for a total transaction of $693,480.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On International Paper

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC lifted its stake in shares of International Paper by 281.3% in the 1st quarter. Rise Advisors LLC now owns 469 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 346 shares during the last quarter. AlphaQuest LLC raised its holdings in International Paper by 63,400.0% in the 2nd quarter. AlphaQuest LLC now owns 635 shares of the basic materials company’s stock valued at $30,000 after buying an additional 634 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in International Paper in the second quarter valued at about $33,000. Elevation Point Wealth Partners LLC purchased a new position in International Paper during the second quarter worth about $35,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of International Paper during the third quarter valued at about $36,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

About International Paper

(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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