International Paper Co (NYSE:IP) Receives Average Recommendation of “Hold” from Analysts

Shares of International Paper Co (NYSE:IP) have received a consensus rating of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $48.40.

Several equities research analysts have recently commented on IP shares. KeyCorp restated a “sell” rating and issued a $38.00 target price on shares of International Paper in a research note on Thursday, July 25th. Citigroup downgraded shares of International Paper from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $53.00 to $45.00 in a research report on Thursday, July 11th. UBS Group set a $50.00 price target on shares of International Paper and gave the stock a “buy” rating in a research report on Monday, June 24th. Bank of America downgraded shares of International Paper from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 16th. Finally, Stephens downgraded shares of International Paper from an “overweight” rating to an “equal weight” rating and set a $60.00 price target on the stock. in a research report on Monday, June 24th.

Shares of NYSE:IP traded down $0.23 on Tuesday, hitting $39.97. The stock had a trading volume of 4,872,472 shares, compared to its average volume of 3,069,491. International Paper has a twelve month low of $37.55 and a twelve month high of $54.95. The company has a quick ratio of 1.02, a current ratio of 1.46 and a debt-to-equity ratio of 1.38. The company has a 50 day moving average of $43.26. The company has a market cap of $15.64 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 1.79 and a beta of 1.49.

International Paper (NYSE:IP) last issued its earnings results on Thursday, July 25th. The basic materials company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.14. International Paper had a net margin of 6.88% and a return on equity of 30.14%. The company had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the company earned $1.19 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that International Paper will post 4.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.00 annualized dividend and a yield of 5.00%. International Paper’s dividend payout ratio (DPR) is 37.59%.

In other International Paper news, SVP Thomas J. Plath sold 1,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $45.17, for a total transaction of $45,170.00. Following the transaction, the senior vice president now directly owns 30,671 shares in the company, valued at approximately $1,385,409.07. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Sharon R. Ryan sold 22,507 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $44.97, for a total transaction of $1,012,139.79. Following the transaction, the senior vice president now owns 61,554 shares in the company, valued at $2,768,083.38. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its stake in shares of International Paper by 0.6% in the 1st quarter. CIBC Asset Management Inc now owns 38,044 shares of the basic materials company’s stock valued at $1,760,000 after acquiring an additional 231 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in shares of International Paper by 17.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,671 shares of the basic materials company’s stock valued at $72,000 after acquiring an additional 243 shares during the last quarter. Cable Hill Partners LLC increased its stake in shares of International Paper by 17.5% in the 1st quarter. Cable Hill Partners LLC now owns 1,669 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 248 shares during the last quarter. Columbus Macro LLC increased its stake in shares of International Paper by 2.4% in the 2nd quarter. Columbus Macro LLC now owns 10,706 shares of the basic materials company’s stock valued at $464,000 after acquiring an additional 255 shares during the last quarter. Finally, Homrich & Berg increased its stake in shares of International Paper by 5.3% in the 2nd quarter. Homrich & Berg now owns 5,391 shares of the basic materials company’s stock valued at $234,000 after acquiring an additional 271 shares during the last quarter. Institutional investors own 80.99% of the company’s stock.

International Paper Company Profile

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Analyst Recommendations for International Paper (NYSE:IP)

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