Stocks of International Paper Co. (NYSE:IP) traded higher last session on Wall Street, up 0.29% to $38.25.
IP stock price is now 5.25% away from the 50-day moving average and 9.04% away from the 200-day moving average. The market capitalization of the company currently stands at $13.25B.
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, SULLIVAN KATHRYN D, Director sold 600 shares of the company’s stock on Apr 01 ’24. The stock was sold for $23,352 at an average price of $38.92. Upon completion of the transaction, the Director now directly owns 41,788 shares in the company, valued at $1.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Director SULLIVAN KATHRYN D sold 600 shares of the business’s stock. A total of $21,654 was realized by selling the stock at an average price of $36.09. This leaves the insider owning 41,984 shares of the company worth $1.61 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 $41.28. 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 $17.99B, which is based on a 44.56 price-to-earnings ratio, a 2.32 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for IP is $36.34 and a two-hundred day moving average price translates $35.08 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 $4.56B in revenue.
