International Paper Co. (IP) Given Average Recommendation of “Hold” by Analysts
Shares of International Paper Co. (NYSE:IP) have been given an average rating of “Hold” by the sixteen research firms that are currently covering the company. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $48.56.
A number of equities analysts have recently commented on IP shares. Jefferies Group reissued a “hold” rating on shares of International Paper in a report on Monday, August 22nd. Credit Agricole SA boosted their price target on International Paper from $45.00 to $53.00 and gave the stock an “underperform” rating in a report on Tuesday, September 6th. Zacks Investment Research raised International Paper from a “hold” rating to a “strong-buy” rating and set a $55.00 price target for the company in a report on Monday, October 3rd. Deutsche Bank AG boosted their price target on International Paper from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Finally, Vetr raised International Paper from a “buy” rating to a “strong-buy” rating and set a $51.66 price target for the company in a report on Tuesday, October 11th.
International Paper (NYSE:IP) traded down 0.08% during trading on Friday, reaching $48.28. The company’s stock had a trading volume of 1,078,592 shares. International Paper has a 52-week low of $32.50 and a 52-week high of $49.90. The firm has a 50 day moving average price of $46.31 and a 200-day moving average price of $45.12. The stock has a market cap of $19.85 billion, a price-to-earnings ratio of 23.26 and a beta of 1.52.
International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by $0.02. International Paper had a return on equity of 35.28% and a net margin of 4.09%. The business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period last year, the firm posted $0.97 EPS. International Paper’s quarterly revenue was down 7.5% on a year-over-year basis. On average, analysts expect that International Paper will post $3.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 15th will be given a dividend of $0.4625 per share. This is a positive change from International Paper’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.85 annualized dividend and a dividend yield of 3.83%. International Paper’s dividend payout ratio is presently 88.52%.
In other news, insider Thomas G. Kadien sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $47.86, for a total value of $478,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William P. Hoel sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $48.12, for a total value of $962,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Point View Wealth Management Inc. increased its stake in shares of International Paper by 0.4% in the second quarter. Point View Wealth Management Inc. now owns 7,303 shares of the company’s stock valued at $310,000 after buying an additional 29 shares during the period. Hourglass Capital LLC increased its stake in shares of International Paper by 0.5% in the third quarter. Hourglass Capital LLC now owns 6,525 shares of the company’s stock valued at $313,000 after buying an additional 30 shares during the period. North Star Investment Management Corp. increased its stake in shares of International Paper by 0.7% in the third quarter. North Star Investment Management Corp. now owns 6,750 shares of the company’s stock valued at $324,000 after buying an additional 50 shares during the period. Raymond James Trust N.A. increased its stake in shares of International Paper by 0.5% in the third quarter. Raymond James Trust N.A. now owns 9,979 shares of the company’s stock valued at $478,000 after buying an additional 51 shares during the period. Finally, Gerstein Fisher increased its stake in shares of International Paper by 0.9% in the third quarter. Gerstein Fisher now owns 8,078 shares of the company’s stock valued at $388,000 after buying an additional 70 shares during the period. 81.62% of the stock is owned by hedge funds and other institutional investors.
International Paper Company Profile
International Paper Company (International Paper) 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 operates in three segments: Industrial Packaging, Printing Papers and Consumer Packaging.
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