In yesterday’s Wall Street session, International Paper Co (NYSE:IP) shares traded at $53.89, down -3.47% from the previous session.
IP stock price is now -4.14% away from the 50-day moving average and 10.94% away from the 200-day moving average. The market capitalization of the company currently stands at $18.72B.
With the price target maintained at $48.20, Exane BNP Paribas recently Downgraded its rating from Neutral to Underperform for International Paper Co (NYSE: IP). On August 14, 2024, Argus Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $52, while ‘Stifel’ rates the stock as ‘Hold’
In other news, SULLIVAN KATHRYN D, Director sold 600 shares of the company’s stock on Nov 29 ’24. The stock was sold for $35,034 at an average price of $58.39. Upon completion of the transaction, the Director now directly owns 37,145 shares in the company, valued at $2.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’24, Director SULLIVAN KATHRYN D bought 600 shares of the business’s stock. A total of $35,034 was incurred on buying the stock at an average price of $58.39. A total of 1.48% of the company’s stock is owned by insiders.
During the past 12 months, International Paper Co has had a low of $32.70 and a high of $60.36. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 1.49, and a quick ratio of 1.08. The fifty day moving average price for IP is $56.299 and a two-hundred day moving average price translates $48.4827 for the stock.
The latest earnings results from International Paper Co (NYSE: IP) was released for 2024-09-30. The net profit margin was 2.99% and return on equity was 6.74% for IP. The company reported revenue of $4.69 billion for the quarter, compared to $4.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.58 percent.
