International Paper Co (NYSE:IP) has been assigned a consensus recommendation of “Buy” from the seventeen research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $66.00.
A number of analysts have issued reports on the company. Barclays lifted their price objective on International Paper from $52.00 to $55.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. DA Davidson lifted their price objective on International Paper to $74.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. ValuEngine raised International Paper from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America lifted their price objective on International Paper from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Stephens assumed coverage on International Paper in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $60.00 price objective on the stock.
Shares of International Paper (NYSE IP) opened at $58.94 on Tuesday. The stock has a market capitalization of $24,340.00, a P/E ratio of 11.67, a P/E/G ratio of 1.29 and a beta of 1.50. International Paper has a 12 month low of $49.60 and a 12 month high of $66.94. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.17 and a current ratio of 1.62.
International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.08. International Paper had a return on equity of 29.53% and a net margin of 9.36%. The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. equities analysts forecast that International Paper will post 4.8 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Tuesday, February 20th. International Paper’s dividend payout ratio (DPR) is 37.62%.
Several institutional investors have recently made changes to their positions in the company. Iridian Asset Management LLC CT boosted its holdings in shares of International Paper by 20.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 6,432,080 shares of the basic materials company’s stock worth $365,471,000 after purchasing an additional 1,090,030 shares during the period. Geode Capital Management LLC boosted its holdings in shares of International Paper by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 4,268,853 shares of the basic materials company’s stock worth $246,807,000 after purchasing an additional 162,992 shares during the period. Sound Shore Management Inc. CT boosted its holdings in shares of International Paper by 7.8% in the 3rd quarter. Sound Shore Management Inc. CT now owns 3,624,456 shares of the basic materials company’s stock worth $205,942,000 after purchasing an additional 263,372 shares during the period. Eaton Vance Management boosted its holdings in shares of International Paper by 1.8% in the 4th quarter. Eaton Vance Management now owns 2,563,468 shares of the basic materials company’s stock worth $148,527,000 after purchasing an additional 46,189 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of International Paper by 11.5% in the 3rd quarter. Nordea Investment Management AB now owns 2,442,847 shares of the basic materials company’s stock worth $138,803,000 after purchasing an additional 251,751 shares during the period. Hedge funds and other institutional investors own 80.61% of the company’s stock.
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About International Paper
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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