International Paper Co (IP) Given Average Rating of “Hold” by Analysts
International Paper Co (NYSE:IP) has been assigned a consensus rating of “Hold” from the sixteen research firms that are presently covering the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $54.47.
Several equities research analysts have recently weighed in on the stock. Barclays PLC increased their target price on shares of International Paper from $45.00 to $48.00 and gave the stock an “underweight” rating in a research note on Monday, May 1st. Jefferies Group LLC reiterated a “buy” rating and set a $65.00 target price (up previously from $63.00) on shares of International Paper in a research note on Saturday, April 29th. Deutsche Bank AG increased their target price on shares of International Paper from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Citigroup Inc reiterated a “neutral” rating on shares of International Paper in a research note on Saturday, April 22nd. Finally, Royal Bank of Canada upgraded shares of International Paper from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $50.00 to $56.00 in a research note on Wednesday, April 19th.
In other news, insider William P. Hoel sold 22,502 shares of International Paper stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $52.63, for a total transaction of $1,184,280.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider W. Michael Jr. Amick sold 10,351 shares of International Paper stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $51.46, for a total transaction of $532,662.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,504 shares of company stock valued at $7,280,336. Insiders own 0.64% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Searle & CO. acquired a new position in shares of International Paper during the fourth quarter worth $780,000. Macquarie Group Ltd. boosted its position in shares of International Paper by 1,220.4% in the fourth quarter. Macquarie Group Ltd. now owns 136,003 shares of the basic materials company’s stock worth $7,216,000 after buying an additional 125,703 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of International Paper by 3.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,066,651 shares of the basic materials company’s stock worth $56,598,000 after buying an additional 31,894 shares during the period. D.A. Davidson & CO. boosted its position in shares of International Paper by 1.2% in the third quarter. D.A. Davidson & CO. now owns 555,559 shares of the basic materials company’s stock worth $26,653,000 after buying an additional 6,762 shares during the period. Finally, Opus Investment Management Inc. boosted its position in shares of International Paper by 100.0% in the fourth quarter. Opus Investment Management Inc. now owns 26,000 shares of the basic materials company’s stock worth $1,380,000 after buying an additional 13,000 shares during the period. Institutional investors own 82.62% of the company’s stock.
International Paper (NYSE:IP) traded up 0.87% on Friday, reaching $51.26. The company’s stock had a trading volume of 825,417 shares. The company has a 50 day moving average of $52.12 and a 200 day moving average of $51.78. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 27.40 and a beta of 1.58. International Paper has a 52 week low of $39.24 and a 52 week high of $58.86.
International Paper (NYSE:IP) last announced its earnings results on Thursday, April 27th. The basic materials company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. International Paper had a net margin of 4.29% and a return on equity of 32.96%. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that International Paper will post $3.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 26th will be given a dividend of $0.4625 per share. The ex-dividend date is Wednesday, May 24th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.64%. International Paper’s payout ratio is 84.47%.
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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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