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

Shares of International Paper (NYSE:IPGet Free Report) have been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $44.71.

A number of research firms recently weighed in on IP. Jefferies Financial Group raised shares of International Paper from a “hold” rating to a “buy” rating and boosted their price target for the stock from $38.00 to $57.00 in a research note on Thursday, May 23rd. Wells Fargo & Company upped their target price on shares of International Paper from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Bank of America raised shares of International Paper from an “underperform” rating to a “buy” rating and upped their target price for the company from $37.00 to $42.00 in a research note on Monday, March 4th. Argus downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Finally, Citigroup raised shares of International Paper from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $36.00 to $46.00 in a research report on Wednesday, March 20th.

Read Our Latest Analysis on International Paper

Insider Activity

In other news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $44.58, for a total value of $26,748.00. Following the transaction, the director now directly owns 45,479 shares of the company’s stock, valued at $2,027,453.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 3,600 shares of company stock valued at $139,332 over the last ninety days. 0.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On International Paper

Hedge funds have recently bought and sold shares of the business. MCF Advisors LLC increased its position in International Paper by 1,094.7% during the first quarter. MCF Advisors LLC now owns 681 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 624 shares during the period. Jones Financial Companies Lllp increased its stake in International Paper by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 703 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 475 shares during the last quarter. Manchester Capital Management LLC acquired a new position in shares of International Paper during the 3rd quarter worth $25,000. Crewe Advisors LLC bought a new stake in shares of International Paper during the 1st quarter worth $29,000. Finally, CVA Family Office LLC acquired a new stake in International Paper in the fourth quarter valued at about $27,000. 81.95% of the stock is owned by institutional investors.

International Paper Price Performance

NYSE:IP opened at $45.21 on Friday. The firm has a market cap of $15.70 billion, a PE ratio of 92.27 and a beta of 1.06. International Paper has a 12 month low of $30.23 and a 12 month high of $46.34. The company has a quick ratio of 1.22, a current ratio of 1.68 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $39.37 and its two-hundred day moving average price is $37.32.

International Paper (NYSE:IPGet Free Report) last announced its earnings results on Thursday, April 25th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06). International Paper had a return on equity of 7.45% and a net margin of 0.93%. The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. International Paper’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, equities analysts anticipate that International Paper will post 1.92 EPS for the current fiscal year.

International Paper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 24th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Thursday, May 23rd. International Paper’s dividend payout ratio is currently 377.55%.

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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