JPMorgan Chase & Co. Issues Pessimistic Forecast for International Paper (NYSE:IP) Stock Price

International Paper (NYSE:IP) had its target price decreased by analysts at JPMorgan Chase & Co. from $46.00 to $45.00 in a report released on Wednesday,MarketScreener reports. The firm currently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 8.88% from the company’s current price.

A number of other brokerages have also issued reports on IP. Truist Financial raised their price target on shares of International Paper from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Wells Fargo & Company lowered their price target on International Paper from $44.00 to $36.00 and set an “underweight” rating for the company in a research report on Friday, October 31st. UBS Group lowered their target price on shares of International Paper from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Weiss Ratings restated a “sell (d+)” rating on shares of International Paper in a research note on Monday, December 29th. Finally, Stifel Nicolaus set a $57.80 target price on International Paper and gave the company a “buy” rating in a research report on Friday, October 17th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, International Paper presently has a consensus rating of “Hold” and an average target price of $49.07.

International Paper Price Performance

Shares of NYSE:IP traded down $0.51 during trading on Wednesday, reaching $41.33. The company had a trading volume of 327,608 shares, compared to its average volume of 5,093,127. The company has a fifty day moving average of $39.66 and a two-hundred day moving average of $44.50. International Paper has a 12 month low of $35.56 and a 12 month high of $60.15. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $21.82 billion, a P/E ratio of -15.84, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.

International Paper (NYSE:IP) last released its earnings results on Thursday, October 30th. The basic materials company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.96). The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.76 billion. International Paper had a negative return on equity of 0.16% and a negative net margin of 5.45%.The business’s quarterly revenue was up 56.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. Equities research analysts forecast that International Paper will post 2.77 earnings per share for the current year.

Insider Transactions at International Paper

In other International Paper news, SVP Clay R. Ellis sold 18,819 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $36.85, for a total value of $693,480.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On International Paper

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IP. Gentry Private Wealth LLC grew its stake in International Paper by 2.1% in the 2nd quarter. Gentry Private Wealth LLC now owns 9,357 shares of the basic materials company’s stock worth $438,000 after acquiring an additional 188 shares in the last quarter. Wellington Shields Capital Management LLC raised its position in International Paper by 7.0% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 3,468 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 226 shares in the last quarter. International Private Wealth Advisors LLC lifted its holdings in shares of International Paper by 4.1% in the 4th quarter. International Private Wealth Advisors LLC now owns 6,175 shares of the basic materials company’s stock worth $243,000 after buying an additional 243 shares during the period. Atalanta Sosnoff Capital LLC grew its position in shares of International Paper by 3.8% during the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 6,759 shares of the basic materials company’s stock worth $317,000 after buying an additional 245 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of International Paper by 10.1% during the second quarter. Blue Trust Inc. now owns 2,836 shares of the basic materials company’s stock valued at $133,000 after buying an additional 259 shares during the period. Institutional investors own 81.95% of the company’s stock.

International Paper Company Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.