UBS Group Has Lowered Expectations for International Paper (NYSE:IP) Stock Price

International Paper (NYSE:IP) had its price objective decreased by analysts at UBS Group from $44.00 to $40.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s target price indicates a potential upside of 9.51% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company cut their target price on shares of International Paper from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. BNP Paribas Exane cut their target price on shares of International Paper from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Jefferies Financial Group upped their target price on shares of International Paper from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Truist Financial set a $48.00 target price on shares of International Paper in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada cut their target price on shares of International Paper from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Friday, January 30th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.56.

International Paper Trading Down 0.7%

NYSE:IP opened at $36.53 on Friday. The firm has a market cap of $19.34 billion, a PE ratio of -5.44 and a beta of 1.14. The stock has a fifty day moving average price of $40.64 and a 200 day moving average price of $41.21. International Paper has a 12-month low of $33.57 and a 12-month high of $56.13. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60.

International Paper (NYSE:IP) last released its earnings results 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). The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.90 billion. International Paper had a negative net margin of 14.12% and a negative return on equity of 0.35%. The company’s revenue for the quarter was up 53.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share. Sell-side analysts anticipate that International Paper will post 2.77 earnings per share for the current fiscal year.

Insider Activity at International Paper

In other International Paper news, CEO Andrew K. Silvernail bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average price of $39.98 per share, for a total transaction of $1,999,000.00. Following the completion of the purchase, the chief executive officer directly owned 50,000 shares in the company, valued at $1,999,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anders Gustafsson bought 13,217 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $37.83 per share, with a total value of $499,999.11. Following the purchase, the director owned 26,092 shares of the company’s stock, valued at $987,060.36. The trade was a 102.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 76,092 shares of company stock valued at $2,999,064. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On International Paper

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AE Wealth Management LLC raised its stake in International Paper by 8.5% during the 3rd quarter. AE Wealth Management LLC now owns 332,310 shares of the basic materials company’s stock valued at $15,419,000 after acquiring an additional 26,146 shares during the last quarter. Caprock Group LLC purchased a new stake in International Paper during the 3rd quarter valued at approximately $2,340,000. Advisors Preferred LLC acquired a new position in International Paper in the 3rd quarter valued at $1,181,000. Icon Advisers Inc. Co. acquired a new position in International Paper in the 3rd quarter valued at $4,853,000. Finally, Barclays PLC increased its stake in International Paper by 12.4% in the 3rd quarter. Barclays PLC now owns 2,348,177 shares of the basic materials company’s stock valued at $108,955,000 after buying an additional 259,371 shares during the period. 81.95% of the stock is currently owned by institutional investors and hedge funds.

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.