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

Shares of International Paper Company (NYSE:IP) have been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $48.2455.

A number of brokerages have recently commented on IP. UBS Group lowered International Paper from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $51.00 to $44.00 in a report on Monday, February 2nd. Argus decreased their target price on International Paper from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Truist Financial lowered their price target on International Paper from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Citigroup boosted their price objective on shares of International Paper from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group raised their target price on shares of International Paper from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd.

Insider Activity

In other International Paper news, CEO Andrew K. Silvernail acquired 50,000 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were acquired at an average cost of $39.98 per share, for a total transaction of $1,999,000.00. Following the completion of the purchase, the chief executive officer owned 50,000 shares of the company’s stock, valued at approximately $1,999,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of International Paper

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. boosted its position in shares of International Paper by 3.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,182,365 shares of the basic materials company’s stock valued at $164,744,000 after acquiring an additional 153,355 shares during the period. Invesco Ltd. raised its stake in International Paper by 18.0% during the 4th quarter. Invesco Ltd. now owns 10,764,533 shares of the basic materials company’s stock valued at $424,015,000 after purchasing an additional 1,643,363 shares during the last quarter. Corient Private Wealth LLC raised its stake in International Paper by 46.9% during the 4th quarter. Corient Private Wealth LLC now owns 88,527 shares of the basic materials company’s stock valued at $3,487,000 after purchasing an additional 28,251 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in International Paper by 15.1% in the 4th quarter. Alberta Investment Management Corp now owns 62,400 shares of the basic materials company’s stock valued at $2,458,000 after purchasing an additional 8,200 shares during the period. Finally, Front Street Capital Management Inc. grew its position in International Paper by 122.1% in the 4th quarter. Front Street Capital Management Inc. now owns 229,819 shares of the basic materials company’s stock worth $9,053,000 after purchasing an additional 126,355 shares during the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

International Paper Stock Performance

Shares of IP opened at $46.81 on Monday. The firm has a market cap of $24.72 billion, a price-to-earnings ratio of -6.98 and a beta of 1.11. The company’s fifty day moving average is $42.63 and its 200-day moving average is $43.54. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 0.60. International Paper has a 12 month low of $35.56 and a 12 month high of $57.07.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, January 29th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.36). International Paper had a negative return on equity of 0.35% and a negative net margin of 14.12%.The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.90 billion. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 53.1% on a year-over-year basis. Equities analysts expect that International Paper will post 2.77 EPS for the current fiscal year.

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.