In yesterday’s Wall Street session, International Paper Co. (NYSE:IP) shares traded at $35.79, up 4.47% from the previous session.
As of this writing, 10 analysts cover International Paper Co. (NYSE:IP). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $30.00, we find $36.00. Given the previous closing price of $34.26, this indicates a potential upside of 5.08 percent. IP stock price is now 4.96% away from the 50-day moving average and 5.34% away from the 200-day moving average. The market capitalization of the company currently stands at $12.38B.
There are 5 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $35.94 as their price target over the next twelve months.
With the price target enhanced from $26 to $33, Jefferies Upgraded its rating from Underperform to Hold for International Paper Co. (NYSE: IP).
In other news, PLATH THOMAS J., Senior Vice President sold 4,500 shares of the company’s stock on Nov 27. The stock was sold for $153,495 at an average price of $34.11. Upon completion of the transaction, the Senior Vice President now directly owns 43,253 shares in the company, valued at $1.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 28, Vice President & Controller Goughnour Holly G. sold 2,500 shares of the business’s stock. A total of $89,262 was realized by selling the stock at an average price of $35.70. This leaves the insider owning 8,219 shares of the company worth $0.29 million. Insiders disposed of 264,717 shares of company stock worth roughly $9.47 million over the past 1 year. A total of 1.16% of the company’s stock is owned by insiders.
Wednesday morning saw International Paper Co. (NYSE: IP) opened at $34.38. During the past 12 months, International Paper Co. has had a low of $29.00 and a high of $41.89. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 1.75, and a quick ratio of 1.25. According to the stock market information, the enterprise value for the company is $16.69B, which is based on a 16.55 price-to-earnings ratio, a 0.86 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for IP is $34.13 and a two-hundred day moving average price translates $33.96 for the stock.
The latest earnings results from International Paper Co. (NYSE: IP) was released for Sep, 2023. According to the Packaging & Containers Company, earnings per share came in at $0.64, beating analysts’ expectations of $0.58 by 0.06. This compares to $0.18 EPS in the same period last year. The net profit margin was 3.89% and return on equity was 8.24% for IP. The company reported revenue of $4.61 billion for the quarter, compared to $5.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.61 percent. For the current quarter, analysts expect IP to generate $4.67B in revenue.
International Paper Co.(IP) Company Profile
International Paper Company produces renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through Industrial Packaging and Global Cellulose Fibers segment. The company’s Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. Its Global Cellulose Fibers segment provides fluff, market, and specialty pulps that are used in absorbent hygiene products, such as baby diapers, feminine care, adult incontinence, and other non-woven products; tissue and paper products; and non-absorbent end applications, including textiles, filtration, construction material, paints and coatings applications. In addition, it sells its products directly to end users and converters, as well as through agents, resellers, and distributors. The company was founded in 1898 and is headquartered in Memphis, Tennessee.
