Shares of International Paper Co (NYSE:IP) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $54.30.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of International Paper from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Royal Bank of Canada lifted their target price on shares of International Paper to $54.00 and gave the stock an “outperform” rating in a research note on Friday, February 1st. Citigroup reiterated a “buy” rating and issued a $53.00 target price on shares of International Paper in a research note on Friday, February 1st. Stephens upgraded shares of International Paper from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $50.00 to $60.00 in a research note on Wednesday, January 23rd. Finally, Deutsche Bank lowered their target price on shares of International Paper from $55.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday, January 17th.
Get International Paper alerts:In related news, insider Gregory T. Wanta sold 9,000 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $47.72, for a total value of $429,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeanmichel Ribieras sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $47.15, for a total transaction of $471,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,760 shares of company stock valued at $4,016,587. Company insiders own 0.32% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its holdings in shares of International Paper by 4,091.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,104,128 shares of the basic materials company’s stock worth $102,000 after buying an additional 4,006,214 shares in the last quarter. Norges Bank purchased a new stake in shares of International Paper during the fourth quarter worth $158,215,000. Dimensional Fund Advisors LP grew its holdings in shares of International Paper by 67.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,144,553 shares of the basic materials company’s stock worth $167,264,000 after buying an additional 1,667,274 shares in the last quarter. Millennium Management LLC grew its holdings in shares of International Paper by 202.1% during the fourth quarter. Millennium Management LLC now owns 1,379,593 shares of the basic materials company’s stock worth $55,680,000 after buying an additional 922,860 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of International Paper by 23.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,591,395 shares of the basic materials company’s stock worth $185,310,000 after buying an additional 870,015 shares in the last quarter. 79.09% of the stock is owned by institutional investors.
Shares of International Paper stock traded down $0.12 on Friday, reaching $45.86. The stock had a trading volume of 2,107,930 shares, compared to its average volume of 2,701,958. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 1.36. International Paper has a 1 year low of $37.55 and a 1 year high of $59.57. The company has a market cap of $18.71 billion, a P/E ratio of 8.75, a PEG ratio of 0.95 and a beta of 1.58.
International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, January 31st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.04. International Paper had a net margin of 8.63% and a return on equity of 30.83%. The firm had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $5.86 billion. As a group, equities research analysts forecast that International Paper will post 5.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Wednesday, February 20th. International Paper’s dividend payout ratio is currently 37.59%.
International Paper Company Profile
International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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