International Paper (NYSE:IP) Stock Price Expected to Rise, Truist Financial Analyst Says

International Paper (NYSE:IPGet Free Report) had its price target hoisted by investment analysts at Truist Financial from $40.00 to $46.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Truist Financial’s price target would indicate a potential upside of 21.44% from the company’s current price.

Other analysts also recently issued reports about the company. Seaport Research Partners raised International Paper from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Friday, May 1st. Bank of America cut shares of International Paper from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research report on Tuesday. Zacks Research raised shares of International Paper from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings cut shares of International Paper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of International Paper in a research note on Wednesday, April 1st. They set a “hold” rating and a $38.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.06.

Read Our Latest Report on International Paper

International Paper Price Performance

NYSE:IP opened at $37.88 on Wednesday. International Paper has a one year low of $29.26 and a one year high of $56.13. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 1.21. The stock has a market cap of $20.06 billion, a PE ratio of -5.96 and a beta of 0.94. The stock has a 50 day moving average price of $34.95 and a 200 day moving average price of $38.05.

International Paper (NYSE:IPGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The company had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.02 billion. International Paper had a negative return on equity of 0.49% and a negative net margin of 13.42%.The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. Equities research analysts expect that International Paper will post 1.38 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Scott Tozier purchased 10,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of $31.30 per share, for a total transaction of $313,000.00. Following the completion of the transaction, the director directly owned 10,025 shares in the company, valued at approximately $313,782.50. The trade was a 40,000.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On International Paper

Several large investors have recently made changes to their positions in IP. McIlrath & Eck LLC increased its holdings in International Paper by 452.6% in the 4th quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 525 shares during the last quarter. MV Capital Management Inc. acquired a new position in International Paper during the fourth quarter worth $25,000. Ascentis Independent Advisors purchased a new position in shares of International Paper during the first quarter worth $28,000. DV Equities LLC acquired a new stake in shares of International Paper in the fourth quarter valued at $29,000. Finally, Sound Income Strategies LLC grew its stake in shares of International Paper by 94.0% in the fourth quarter. Sound Income Strategies LLC now owns 710 shares of the basic materials company’s stock valued at $31,000 after buying an additional 344 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting International Paper

Here are the key news stories impacting International Paper this week:

About International Paper

(Get Free Report)

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.

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Analyst Recommendations for International Paper (NYSE:IP)

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