International Paper (NYSE:IP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

International Paper (NYSE:IP) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $37.13.

IP has been the topic of a number of research analyst reports. Truist Financial restated a “buy” rating and issued a $40.00 target price on shares of International Paper in a research report on Wednesday. Citigroup upgraded shares of International Paper from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $36.00 to $46.00 in a report on Wednesday, March 20th. Wells Fargo & Company cut their price target on shares of International Paper from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Argus lowered shares of International Paper from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, Bank of America upgraded shares of International Paper from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $42.00 in a report on Monday, March 4th.

International Paper Stock Performance

Shares of International Paper stock opened at $35.26 on Friday. International Paper has a fifty-two week low of $29.00 and a fifty-two week high of $41.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.67 and a quick ratio of 1.19. The firm has a market capitalization of $12.25 billion, a P/E ratio of 43.00 and a beta of 0.99. The company’s 50 day moving average price is $36.73 and its two-hundred day moving average price is $35.83.

International Paper (NYSE:IP) last issued its earnings results on Thursday, February 1st. The basic materials company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. International Paper had a net margin of 1.52% and a return on equity of 8.87%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same quarter last year, the business posted $0.87 earnings per share. The company’s quarterly revenue was down 10.4% on a year-over-year basis. On average, equities analysts forecast that International Paper will post 1.88 earnings per share for the current fiscal year.

Insider Activity at International Paper

In related news, SVP James P. Jr. Royalty sold 5,800 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total transaction of $201,550.00. Following the sale, the senior vice president now owns 69,488 shares in the company, valued at approximately $2,414,708. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 8,800 shares of company stock worth $310,438 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manchester Capital Management LLC bought a new position in International Paper in the third quarter worth approximately $25,000. Jones Financial Companies Lllp raised its stake in shares of International Paper by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 703 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 475 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of International Paper in the fourth quarter worth approximately $27,000. MCF Advisors LLC raised its stake in shares of International Paper by 1,094.7% in the first quarter. MCF Advisors LLC now owns 681 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 624 shares during the last quarter. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of International Paper in the fourth quarter worth approximately $27,000. Institutional investors own 81.95% of the company’s stock.

About International Paper

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.