International Paper Company (NYSE:IP) Given Consensus Rating of “Hold” by Brokerages

Shares of International Paper Company (NYSE:IP) have been given an average recommendation of “Hold” by the thirteen research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $50.92.

IP has been the subject of several research reports. Truist Financial decreased their target price on International Paper from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Seaport Res Ptn downgraded shares of International Paper from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wall Street Zen cut shares of International Paper from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Wells Fargo & Company decreased their price target on shares of International Paper from $44.00 to $36.00 and set an “underweight” rating for the company in a report on Friday, October 31st. Finally, Stifel Nicolaus set a $57.80 price objective on shares of International Paper and gave the company a “buy” rating in a research report on Friday, October 17th.

Insider Transactions at International Paper

In other International Paper news, SVP Joseph R. Saab sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $45.53, for a total value of $409,770.00. Following the completion of the transaction, the senior vice president owned 27,673 shares in the company, valued at approximately $1,259,951.69. This represents a 24.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IP. Rise Advisors LLC raised its holdings in shares of International Paper by 281.3% during the first quarter. Rise Advisors LLC now owns 469 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 346 shares during the period. AlphaQuest LLC grew its position in International Paper by 63,400.0% during the 2nd quarter. AlphaQuest LLC now owns 635 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 634 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in International Paper during the 2nd quarter valued at $33,000. Zions Bancorporation National Association UT purchased a new stake in shares of International Paper in the first quarter valued at $34,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of International Paper in the second quarter worth $35,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

International Paper Price Performance

IP stock opened at $37.34 on Friday. The stock’s 50 day moving average is $44.48 and its two-hundred day moving average is $47.09. International Paper has a 52-week low of $35.79 and a 52-week high of $60.36. The company has a market capitalization of $19.72 billion, a PE ratio of -373.40, a P/E/G ratio of 0.54 and a beta of 1.12. The company has a quick ratio of 0.96, a current ratio of 1.33 and a debt-to-equity ratio of 0.52.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, October 30th. The basic materials company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.96). International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%.The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.76 billion. During the same period in the previous year, the business posted $0.33 EPS. The firm’s quarterly revenue was up 56.4% compared to the same quarter last year. Analysts predict that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.0%. International Paper’s payout ratio is -70.88%.

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.