In Thursday’s Wall Street session, International Paper Co (NYSE:IP) shares traded at $56.25, up 0.93% from the previous session.
IP stock price is now 1.15% away from the 50-day moving average and 12.14% away from the 200-day moving average. The market capitalization of the company currently stands at $29.59B.
On November 13, 2024, Exane BNP Paribas Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $48.20, while ‘Argus’ rates the stock as ‘Buy’
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 $2.09 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 1.55% of the company’s stock is owned by insiders.
During the past 12 months, International Paper Co has had a low of $33.16 and a high of $60.36. As of last week, the company has a debt-to-equity ratio of 0.99, a current ratio of 1.51, and a quick ratio of 1.09.
The net profit margin was 2.99% and return on equity was 6.74% for IP. The company reported revenue of $4.58 billion for the quarter, compared to $4.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.46 percent.
