International Paper Co (NYSE:IP) has been given an average rating of “Buy” by the seventeen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $66.00.
Several equities research analysts have weighed in on the company. Bank of America upped their target price on International Paper from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $65.00 target price on shares of International Paper in a report on Monday, October 23rd. Barclays upped their target price on International Paper from $52.00 to $55.00 and gave the stock an “underweight” rating in a report on Monday, February 12th. ValuEngine raised International Paper from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Tuesday, February 6th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Calton & Associates Inc. acquired a new position in International Paper during the 4th quarter valued at about $106,000. Rational Advisors LLC acquired a new position in International Paper during the 3rd quarter valued at about $108,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in International Paper during the 4th quarter valued at about $112,000. Cerebellum GP LLC acquired a new position in International Paper during the 4th quarter valued at about $121,000. Finally, Amica Retiree Medical Trust acquired a new position in International Paper during the 3rd quarter valued at about $128,000. 80.61% of the stock is owned by hedge funds and other institutional investors.
Shares of International Paper (NYSE:IP) opened at $58.94 on Tuesday. International Paper has a 1-year low of $49.60 and a 1-year high of $66.94. The firm has a market capitalization of $24,340.00, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.29 and a beta of 1.50. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.62 and a quick ratio of 1.17.
International Paper (NYSE:IP) last issued its earnings results on Thursday, February 1st. The basic materials company reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.08. International Paper had a return on equity of 29.53% and a net margin of 9.36%. The business had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $6.01 billion. During the same period in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. sell-side analysts predict that International Paper will post 4.8 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Tuesday, February 20th. International Paper’s payout ratio is 37.62%.
International Paper Company Profile
International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.
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