International Paper Company (NYSE:IP) Receives Average Rating of “Moderate Buy” from Brokerages

International Paper Company (NYSE:IP) has been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $49.2333.

Several equities analysts have recently issued reports on IP shares. Truist Financial lowered their price objective on shares of International Paper from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. BNP Paribas raised International Paper from a “strong sell” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Monday, November 24th. Wall Street Zen lowered International Paper from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Seaport Res Ptn lowered International Paper from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Argus dropped their price target on International Paper from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd.

International Paper Price Performance

Shares of NYSE IP opened at $40.22 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of -15.41, a price-to-earnings-growth ratio of 0.36 and a beta of 1.10. International Paper has a twelve month low of $35.56 and a twelve month high of $60.15. The business has a 50 day simple moving average of $38.91 and a 200-day simple moving average of $45.00.

International Paper (NYSE:IP) last issued its earnings results on Thursday, October 30th. The basic materials company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.96). The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.76 billion. International Paper had a negative net margin of 5.45% and a negative return on equity of 0.16%. The business’s revenue was up 56.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. As a group, equities research analysts expect that International Paper will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.6%. International Paper’s payout ratio is currently -70.88%.

Insider Buying and Selling

In other International Paper news, SVP Clay R. Ellis sold 18,819 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $36.85, for a total value of $693,480.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On International Paper

Several institutional investors and hedge funds have recently modified their holdings of IP. Rise Advisors LLC grew its holdings in International Paper by 281.3% in the 1st quarter. Rise Advisors LLC now owns 469 shares of the basic materials company’s stock valued at $25,000 after buying an additional 346 shares during the last quarter. AlphaQuest LLC boosted its holdings in International Paper by 63,400.0% in the 2nd quarter. AlphaQuest LLC now owns 635 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 634 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in International Paper in the 2nd quarter worth $33,000. Elevation Point Wealth Partners LLC bought a new position in shares of International Paper during the 2nd quarter worth about $35,000. Finally, Kelleher Financial Advisors acquired a new position in shares of International Paper during the third quarter valued at about $36,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

International Paper Company Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.