Shares of International Paper Company (NYSE:IP) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $54.47.
A number of brokerages recently issued reports on IP. Zacks Investment Research raised shares of International Paper Company from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. KeyCorp reaffirmed a “hold” rating on shares of International Paper Company in a research report on Thursday, June 29th. BidaskClub raised shares of International Paper Company from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Barclays PLC boosted their target price on shares of International Paper Company from $45.00 to $48.00 and gave the stock an “underweight” rating in a research report on Monday, May 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $65.00 target price (up previously from $63.00) on shares of International Paper Company in a research report on Saturday, April 29th.
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International Paper Company (NYSE IP) traded up 1.4016% during midday trading on Monday, hitting $57.1601. 506,990 shares of the stock traded hands. International Paper Company has a 1-year low of $42.20 and a 1-year high of $58.86. The firm has a market cap of $23.60 billion, a P/E ratio of 30.5506 and a beta of 1.48. The company has a 50-day moving average price of $54.19 and a 200-day moving average price of $53.16.
International Paper Company (NYSE:IP) last announced its earnings results on Thursday, April 27th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. International Paper Company had a net margin of 3.63% and a return on equity of 30.44%. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. International Paper Company’s revenue was up 7.8% compared to the same quarter last year. Analysts predict that International Paper Company will post $3.63 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, May 26th were given a dividend of $0.4625 per share. The ex-dividend date was Wednesday, May 24th. This represents a $1.85 annualized dividend and a yield of 3.28%. International Paper Company’s dividend payout ratio (DPR) is 98.40%.
Hedge funds have recently made changes to their positions in the company. FNY Partners Fund LP boosted its stake in shares of International Paper Company by 166.7% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after buying an additional 1,250 shares in the last quarter. Hefty Wealth Partners boosted its stake in shares of International Paper Company by 4,425.7% in the first quarter. Hefty Wealth Partners now owns 3,168 shares of the basic materials company’s stock valued at $160,000 after buying an additional 3,098 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of International Paper Company during the first quarter valued at $172,000. Parallel Advisors LLC boosted its stake in shares of International Paper Company by 24.8% in the first quarter. Parallel Advisors LLC now owns 3,417 shares of the basic materials company’s stock valued at $182,000 after buying an additional 680 shares in the last quarter. Finally, Duncker Streett & Co. Inc. boosted its stake in shares of International Paper Company by 9.0% in the first quarter. Duncker Streett & Co. Inc. now owns 3,630 shares of the basic materials company’s stock valued at $184,000 after buying an additional 300 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.
International Paper Company Company Profile
International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.
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