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

Shares of International Paper (NYSE:IPGet Rating) have received a consensus rating of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $57.31.

A number of equities analysts have recently commented on the stock. KeyCorp cut their price objective on shares of International Paper from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Friday, January 28th. Seaport Res Ptn lowered shares of International Paper from a “buy” rating to a “neutral” rating in a research report on Friday, January 28th. Bank of America lowered shares of International Paper from a “buy” rating to a “neutral” rating in a research report on Thursday, January 20th. StockNews.com upgraded shares of International Paper from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of International Paper from $47.00 to $48.00 in a research report on Monday, April 18th.

In other International Paper news, SVP William Thomas Hamic sold 3,630 shares of International Paper stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $47.72, for a total transaction of $173,223.60. Following the transaction, the senior vice president now directly owns 22,050 shares of the company’s stock, valued at $1,052,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Paper Co /New/ International sold 4,132,000 shares of International Paper stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $34.75, for a total transaction of $143,587,000.00. Following the completion of the transaction, the insider now directly owns 4,614,358 shares in the company, valued at $160,348,940.50. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Institutional investors have recently modified their holdings of the business. James Reed Financial Services Inc. purchased a new position in International Paper during the 4th quarter valued at $52,000. Ten Capital Wealth Advisors LLC purchased a new position in International Paper during the 3rd quarter valued at $34,000. Bivin & Associates Inc. purchased a new position in International Paper during the 4th quarter valued at $30,000. Desjardins Global Asset Management Inc. boosted its holdings in shares of International Paper by 45.5% during the 1st quarter. Desjardins Global Asset Management Inc. now owns 675 shares of the basic materials company’s stock valued at $31,000 after buying an additional 211 shares in the last quarter. Finally, Concord Wealth Partners boosted its holdings in shares of International Paper by 527.0% during the 4th quarter. Concord Wealth Partners now owns 721 shares of the basic materials company’s stock valued at $34,000 after buying an additional 606 shares in the last quarter. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:IP opened at $47.82 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $17.72 billion, a PE ratio of 10.58 and a beta of 0.91. International Paper has a twelve month low of $40.45 and a twelve month high of $65.27. The company has a 50-day moving average price of $46.72 and a two-hundred day moving average price of $46.78.

International Paper (NYSE:IPGet Rating) last issued its earnings results on Thursday, April 28th. The basic materials company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.24. International Paper had a net margin of 8.14% and a return on equity of 17.16%. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $4.96 billion. During the same quarter last year, the business earned $0.76 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts anticipate that International Paper will post 4.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, May 26th. International Paper’s dividend payout ratio (DPR) is presently 40.93%.

International Paper Company Profile (Get Rating)

International Paper Company operates as a packaging company primarily in United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and rest of the Americas. It operates through two segments: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

Further Reading

Analyst Recommendations for International Paper (NYSE:IP)

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