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

Shares of International Paper (NYSE:IP) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $54.77.

IP has been the subject of a number of recent analyst reports. Truist Financial dropped their price target on shares of International Paper from $64.00 to $59.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company dropped their target price on shares of International Paper from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. started coverage on shares of International Paper in a research report on Thursday, March 20th. They set an “overweight” rating and a $59.00 target price for the company. StockNews.com lowered shares of International Paper from a “buy” rating to a “hold” rating in a research report on Friday, March 28th. Finally, Citigroup started coverage on shares of International Paper in a research report on Wednesday, March 5th. They set a “buy” rating and a $60.00 target price for the company.

International Paper Trading Up 0.2 %

International Paper stock opened at $47.43 on Tuesday. The business has a 50-day simple moving average of $50.78 and a two-hundred day simple moving average of $53.61. The company has a market cap of $25.04 billion, a P/E ratio of 30.21, a P/E/G ratio of 0.39 and a beta of 0.99. International Paper has a 52-week low of $34.18 and a 52-week high of $60.36. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. Analysts predict that International Paper will post 2.77 EPS for the current year.

Institutional Investors Weigh In On International Paper

Several institutional investors have recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in International Paper in the 4th quarter worth about $26,000. Centricity Wealth Management LLC purchased a new position in International Paper in the 4th quarter worth about $26,000. Picton Mahoney Asset Management increased its stake in International Paper by 67.0% in the 4th quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company’s stock worth $29,000 after buying an additional 215 shares during the period. Versant Capital Management Inc increased its stake in International Paper by 313.3% in the 4th quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock worth $32,000 after buying an additional 448 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in International Paper by 90.2% in the 4th quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company’s stock worth $33,000 after buying an additional 295 shares during the period. Institutional investors own 81.95% of the company’s stock.

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.