In yesterday’s Wall Street session, International Paper Co. (NYSE:IP) shares traded at $36.35, up 0.44% from the previous session.
IP stock price is now 1.52% away from the 50-day moving average and 5.57% away from the 200-day moving average. The market capitalization of the company currently stands at $12.59B.
With the price target enhanced from $37 to $42, BofA Securities Upgraded its rating from Underperform to Buy for International Paper Co. (NYSE: IP). , while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Royalty James P Jr., Senior Vice President sold 5,800 shares of the company’s stock on Feb 28 ’24. The stock was sold for $201,550 at an average price of $34.75. Upon completion of the transaction, the Senior Vice President now directly owns 69,488 shares in the company, valued at $2.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’24, Director SULLIVAN KATHRYN D sold 600 shares of the business’s stock. A total of $20,436 was realized by selling the stock at an average price of $34.06. This leaves the insider owning 42,584 shares of the company worth $1.55 million. A total of 1.38% of the company’s stock is owned by insiders.
During the past 12 months, International Paper Co. has had a low of $29.00 and a high of $38.21. As of last week, the company has a debt-to-equity ratio of 0.98, a current ratio of 1.67, and a quick ratio of 1.19. According to the stock market information, the enterprise value for the company is $17.38B, which is based on a 42.35 price-to-earnings ratio, a 2.21 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for IP is $35.80 and a two-hundred day moving average price translates $34.46 for the stock.
The latest earnings results from International Paper Co. (NYSE: IP) was released for Dec, 2023. According to the Packaging & Containers Company, earnings per share came in at $0.41, beating analysts’ expectations of $0.34 by 0.07. This compares to -$1.32 EPS in the same period last year. The net profit margin was 1.60% and return on equity was 3.58% for IP. The company reported revenue of $4.6 billion for the quarter, compared to $5.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.36 percent. For the current quarter, analysts expect IP to generate $4.57B in revenue.
