International Paper (NYSE:IP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of International Paper (NYSE:IP) have been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $51.99.

IP has been the topic of several analyst reports. Royal Bank of Canada increased their price target on International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial boosted their target price on shares of International Paper from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, BNP Paribas cut shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target for the company. in a report on Wednesday, November 13th.

Insider Buying and Selling

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $58.39, for a total value of $35,034.00. Following the completion of the sale, the director now owns 37,145 shares in the company, valued at approximately $2,168,896.55. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 1,800 shares of company stock valued at $100,848 over the last three months. 0.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Lord Abbett & CO. LLC bought a new stake in International Paper in the 3rd quarter valued at $24,327,000. Aptus Capital Advisors LLC raised its holdings in shares of International Paper by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 5,972 shares of the basic materials company’s stock worth $292,000 after buying an additional 785 shares in the last quarter. Wedmont Private Capital bought a new position in shares of International Paper during the 4th quarter worth approximately $376,000. Curi RMB Capital LLC acquired a new stake in International Paper in the 3rd quarter valued at $4,870,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of International Paper by 5.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 937,324 shares of the basic materials company’s stock valued at $45,788,000 after purchasing an additional 49,125 shares during the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Trading Up 2.5 %

Shares of NYSE IP opened at $60.08 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 1.53. The stock has a market cap of $20.87 billion, a price-to-earnings ratio of 51.35 and a beta of 1.03. The business has a 50 day simple moving average of $56.14 and a 200 day simple moving average of $51.12. International Paper has a 52 week low of $32.70 and a 52 week high of $60.36.

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

International Paper Company Profile

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.