International Paper (NYSE:IP) Receives Average Recommendation of “Moderate Buy” from Analysts

International Paper (NYSE:IP) has earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $54.86.

IP has been the topic of several research analyst reports. Citigroup initiated coverage on shares of International Paper in a research report on Wednesday, March 5th. They set a “buy” rating and a $60.00 price objective on the stock. BNP Paribas lowered International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a report on Wednesday, November 13th. Bank of America began coverage on shares of International Paper in a research note on Thursday, February 13th. They issued a “neutral” rating for the company. Royal Bank of Canada restated an “outperform” rating and set a $64.00 price target on shares of International Paper in a research note on Friday, January 31st. Finally, Truist Financial reissued a “buy” rating and set a $64.00 price objective (down previously from $65.00) on shares of International Paper in a report on Friday, January 31st.

International Paper Stock Performance

Shares of IP stock opened at $52.39 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average of $55.49 and a two-hundred day moving average of $53.30. International Paper has a 52 week low of $33.16 and a 52 week high of $60.36. The company has a market cap of $27.56 billion, a P/E ratio of 33.37, a PEG ratio of 0.39 and a beta of 1.02.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. As a group, analysts anticipate that International Paper will post 2.77 EPS for the current year.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, February 24th. International Paper’s dividend payout ratio (DPR) is 117.83%.

Institutional Investors Weigh In On International Paper

Several large investors have recently bought and sold shares of IP. Brooklyn Investment Group acquired a new stake in International Paper in the third quarter valued at $25,000. Sierra Ocean LLC bought a new position in shares of International Paper in the fourth quarter valued at about $26,000. Centricity Wealth Management LLC bought a new position in shares of International Paper in the fourth quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in shares of International Paper in the third quarter valued at about $28,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of International Paper in the third quarter valued at about $28,000. Institutional investors own 81.95% of the company’s stock.

International Paper Company Profile

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.