International Paper (NYSE:IP) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

International Paper (NYSE:IPGet Free Report) had its price target upped by stock analysts at Royal Bank Of Canada from $45.00 to $48.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 27.89% from the stock’s previous close.

IP has been the topic of several other research reports. Zacks Research raised shares of International Paper from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. increased their target price on shares of International Paper from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of International Paper in a research note on Wednesday, April 1st. They set a “hold” rating and a $38.00 price target for the company. Truist Financial lifted their price target on shares of International Paper from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, UBS Group dropped their price objective on International Paper from $40.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.31.

View Our Latest Research Report on International Paper

International Paper Trading Down 0.9%

Shares of International Paper stock opened at $37.53 on Friday. International Paper has a 1 year low of $29.26 and a 1 year high of $56.13. The firm has a market cap of $19.87 billion, a PE ratio of -5.90 and a beta of 0.94. The stock has a fifty day moving average price of $35.04 and a 200-day moving average price of $38.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.21 and a quick ratio of 0.94.

International Paper (NYSE:IPGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The company had revenue of $5.97 billion during 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%.International Paper’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. Equities research analysts anticipate that International Paper will post 1.39 EPS for the current year.

Insiders Place Their Bets

In other International Paper news, Director Scott Tozier bought 10,000 shares of International Paper stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $31.30 per share, for a total transaction of $313,000.00. Following the completion of the purchase, the director directly owned 10,025 shares of the company’s stock, valued at approximately $313,782.50. This trade represents a 40,000.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Tema ETFs LLC raised its holdings in International Paper by 10.4% during the 2nd quarter. Tema ETFs LLC now owns 10,777 shares of the basic materials company’s stock valued at $411,000 after acquiring an additional 1,015 shares during the period. LVM Capital Management Ltd. MI bought a new position in shares of International Paper in the second quarter worth $612,000. Wealth Science Advisors LLC bought a new position in shares of International Paper in the second quarter worth $200,000. GoalVest Advisory LLC grew its position in shares of International Paper by 6.9% in the second quarter. GoalVest Advisory LLC now owns 30,044 shares of the basic materials company’s stock valued at $1,145,000 after purchasing an additional 1,948 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of International Paper by 10.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 16,612 shares of the basic materials company’s stock valued at $633,000 after purchasing an additional 1,630 shares during the period. 81.95% of the stock is currently owned by hedge funds and other institutional investors.

More International Paper News

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

International Paper Company Profile

(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.

Further Reading

Analyst Recommendations for International Paper (NYSE:IP)

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