International Paper (NYSE:IP) Receives Average Rating of “Moderate Buy” from Brokerages

International Paper (NYSE:IP) has received a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $50.21.

Several equities analysts recently issued reports on IP shares. Wells Fargo & Company boosted their price objective on International Paper from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Argus upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, August 14th. Seaport Res Ptn upgraded International Paper from a “hold” rating to a “strong-buy” rating in a report on Friday, June 28th. Royal Bank of Canada lifted their price target on International Paper from $52.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Truist Financial upped their price objective on International Paper from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th.

Insider Transactions at International Paper

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $46.26, for a total value of $27,756.00. Following the completion of the sale, the director now owns 41,602 shares in the company, valued at $1,924,508.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $46.26, for a total value of $27,756.00. Following the sale, the director now owns 41,602 shares in the company, valued at $1,924,508.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Joseph R. Saab sold 2,440 shares of International Paper stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $47.30, for a total value of $115,412.00. Following the transaction, the senior vice president now owns 18,668 shares of the company’s stock, valued at $882,996.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,440 shares of company stock worth $931,502 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On International Paper

Several large investors have recently modified their holdings of the stock. Innealta Capital LLC bought a new stake in International Paper in the 2nd quarter valued at $26,000. MCF Advisors LLC grew its stake in shares of International Paper by 1,094.7% in the first quarter. MCF Advisors LLC now owns 681 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 624 shares in the last quarter. Crewe Advisors LLC bought a new position in International Paper during the first quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in International Paper in the 2nd quarter worth about $37,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in International Paper in the 4th quarter valued at about $37,000. 81.95% of the stock is owned by institutional investors.

International Paper Trading Down 0.2 %

NYSE IP opened at $47.00 on Friday. International Paper has a 12 month low of $31.76 and a 12 month high of $50.68. The stock has a 50-day simple moving average of $47.61 and a 200 day simple moving average of $43.76. The company has a current ratio of 1.59, a quick ratio of 1.17 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $16.32 billion, a PE ratio of 95.92 and a beta of 1.04.

International Paper (NYSE:IP) last released its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.14. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.78 billion. International Paper had a net margin of 2.34% and a return on equity of 7.28%. International Paper’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. Research analysts forecast that International Paper will post 1.55 EPS for the current year.

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.