Shares of International Paper Company (NYSE:IP) have received an average rating of “Hold” from the eighteen brokerages that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $57.30.

Several equities analysts have commented on IP shares. Goldman Sachs Group, Inc. (The) upgraded shares of International Paper from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $64.00 in a research note on Thursday, July 13th. Royal Bank Of Canada upgraded shares of International Paper from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $50.00 to $56.00 in a research note on Wednesday, April 19th. BidaskClub upgraded shares of International Paper from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Vertical Research restated a “buy” rating on shares of International Paper in a research note on Friday, July 28th. Finally, Zacks Investment Research upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Tuesday, July 11th.

Shares of International Paper (NYSE IP) traded up 0.39% during mid-day trading on Friday, reaching $53.87. The company’s stock had a trading volume of 838,581 shares. The stock has a market cap of $22.68 billion, a P/E ratio of 27.36 and a beta of 1.46. The stock has a 50 day moving average of $56.62 and a 200-day moving average of $53.67. International Paper has a one year low of $43.55 and a one year high of $58.95.

International Paper (NYSE:IP) last announced its earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.72 billion. International Paper had a return on equity of 27.09% and a net margin of 3.73%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. On average, equities research analysts expect that International Paper will post $3.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.45%. International Paper’s payout ratio is currently 93.91%.

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In related news, insider Gregory T. Wanta sold 1,044 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $55.22, for a total transaction of $57,649.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.64% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Financial Advisors Network Inc. boosted its stake in shares of International Paper by 1.2% in the second quarter. Financial Advisors Network Inc. now owns 6,632 shares of the basic materials company’s stock worth $375,000 after buying an additional 79 shares during the period. BB&T Securities LLC boosted its stake in shares of International Paper by 20.0% in the second quarter. BB&T Securities LLC now owns 55,817 shares of the basic materials company’s stock worth $3,160,000 after buying an additional 9,293 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of International Paper by 114.8% in the second quarter. First Eagle Investment Management LLC now owns 2,162,979 shares of the basic materials company’s stock worth $122,446,000 after buying an additional 1,156,003 shares during the period. Blair William & Co. IL boosted its stake in shares of International Paper by 77.7% in the second quarter. Blair William & Co. IL now owns 91,978 shares of the basic materials company’s stock worth $5,207,000 after buying an additional 40,219 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of International Paper by 7.6% in the second quarter. Deprince Race & Zollo Inc. now owns 653,042 shares of the basic materials company’s stock worth $36,969,000 after buying an additional 46,034 shares during the period. Hedge funds and other institutional investors own 83.09% of the company’s stock.

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.

Analyst Recommendations for International Paper (NYSE:IP)

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