International Paper (NYSE:IP) Given Average Recommendation of “Moderate Buy” by Analysts

International Paper (NYSE:IPGet Free Report) has been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $51.54.

A number of equities research analysts have recently weighed in on IP shares. Royal Bank of Canada lifted their price target on shares of International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, November 1st. BNP Paribas cut shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price on the stock. in a research note on Wednesday, November 13th. Finally, Truist Financial reissued a “buy” rating and set a $61.00 price objective (up previously from $57.00) on shares of International Paper in a report on Friday, November 1st.

View Our Latest Stock Report on IP

Insider Buying and Selling

In related news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $53.50, for a total transaction of $32,100.00. Following the completion of the transaction, the director now owns 38,345 shares of the company’s stock, valued at $2,051,457.50. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 2,400 shares of company stock valued at $129,696 over the last ninety days. 0.55% of the stock is owned by company insiders.

Institutional Trading of International Paper

Large investors have recently bought and sold shares of the business. Retirement Systems of Alabama grew its position in shares of International Paper by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 76,616 shares of the basic materials company’s stock worth $3,306,000 after buying an additional 246 shares during the period. Raymond James Trust N.A. increased its stake in International Paper by 6.8% in the second quarter. Raymond James Trust N.A. now owns 7,254 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 461 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of International Paper by 1.8% during the second quarter. State of Michigan Retirement System now owns 102,348 shares of the basic materials company’s stock valued at $4,416,000 after purchasing an additional 1,800 shares during the period. Atomi Financial Group Inc. boosted its position in shares of International Paper by 12.1% during the 2nd quarter. Atomi Financial Group Inc. now owns 6,307 shares of the basic materials company’s stock worth $272,000 after purchasing an additional 682 shares in the last quarter. Finally, 1834 Investment Advisors Co. acquired a new stake in shares of International Paper in the 2nd quarter valued at about $506,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Stock Down 1.3 %

Shares of IP opened at $54.49 on Wednesday. The firm has a 50 day simple moving average of $55.40 and a two-hundred day simple moving average of $49.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.53 and a quick ratio of 1.11. International Paper has a one year low of $32.70 and a one year high of $60.36. The company has a market cap of $18.93 billion, a P/E ratio of 46.57 and a beta of 1.02.

International Paper (NYSE:IPGet Free Report) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.20. International Paper had a return on equity of 6.49% and a net margin of 2.25%. The business had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same period in the prior year, the company earned $0.64 EPS. International Paper’s revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts forecast that International Paper will post 1.18 EPS for the current fiscal year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.85 annualized dividend and a dividend yield of 3.40%. International Paper’s payout ratio is 158.12%.

International Paper Company Profile

(Get Free Report

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.

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Analyst Recommendations for International Paper (NYSE:IP)

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