International Paper Co (IP) Receives $54.30 Consensus Target Price from Brokerages

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International Paper Co (NYSE:IP) has earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $54.30.

Several equities analysts have commented on the stock. Wells Fargo & Co lowered shares of International Paper from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 9th. Zacks Investment Research upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Wednesday, December 19th. Deutsche Bank lowered their price objective on shares of International Paper from $55.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, January 17th. Royal Bank of Canada increased their price objective on shares of International Paper to $54.00 and gave the company an “outperform” rating in a research report on Friday, February 1st. Finally, Citigroup reiterated a “buy” rating and set a $53.00 price objective on shares of International Paper in a research report on Friday, February 1st.

Shares of NYSE:IP traded down $0.09 during midday trading on Friday, reaching $45.77. 2,258,157 shares of the company were exchanged, compared to its average volume of 2,874,623. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.49. International Paper has a one year low of $37.55 and a one year high of $59.57. The firm has a market cap of $18.32 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 0.95 and a beta of 1.58.

International Paper (NYSE:IP) last issued its earnings results on Thursday, January 31st. The basic materials company reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $5.86 billion. As a group, research analysts predict that International Paper will post 5.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 21st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $2.00 annualized dividend and a dividend yield of 4.37%. International Paper’s dividend payout ratio (DPR) is presently 37.59%.

In other news, insider Gregory T. Wanta sold 9,000 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John V. Sims sold 12,667 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $45.96, for a total transaction of $582,175.32. The disclosure for this sale can be found here. Insiders sold a total of 85,760 shares of company stock valued at $4,016,587 in the last 90 days. Company insiders own 0.32% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in IP. 10 15 Associates Inc. increased its stake in International Paper by 1.7% in the 4th quarter. 10 15 Associates Inc. now owns 13,290 shares of the basic materials company’s stock worth $536,000 after buying an additional 220 shares during the period. Foster & Motley Inc. increased its stake in International Paper by 1.0% in the 4th quarter. Foster & Motley Inc. now owns 24,959 shares of the basic materials company’s stock worth $1,007,000 after buying an additional 248 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in International Paper by 1.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,879 shares of the basic materials company’s stock worth $560,000 after buying an additional 248 shares during the period. Investors Research Corp increased its stake in International Paper by 1.4% in the 4th quarter. Investors Research Corp now owns 21,307 shares of the basic materials company’s stock worth $860,000 after buying an additional 300 shares during the period. Finally, WealthTrust Arizona LLC increased its stake in International Paper by 40.0% in the 4th quarter. WealthTrust Arizona LLC now owns 1,050 shares of the basic materials company’s stock worth $42,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

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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Analyst Recommendations for International Paper (NYSE:IP)

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