International Paper Company (NYSE:IP)‘s stock had its “buy” rating restated by investment analysts at BMO Capital Markets in a report issued on Thursday.

A number of other equities analysts have also commented on IP. 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 company from $50.00 to $56.00 in a research report on Wednesday, April 19th. Citigroup Inc. restated a “neutral” rating on shares of International Paper in a research report on Saturday, April 22nd. Deutsche Bank AG boosted their price target on shares of International Paper from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, April 25th. Jefferies Group LLC restated a “buy” rating and issued a $65.00 price target (up from $63.00) on shares of International Paper in a research report on Saturday, April 29th. Finally, Barclays PLC boosted their price target on shares of International Paper from $45.00 to $48.00 and gave the company an “underweight” rating in a research report on Monday, May 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. International Paper presently has an average rating of “Hold” and a consensus price target of $58.14.

International Paper (IP) traded down 0.8270% during midday trading on Thursday, hitting $53.9501. The stock had a trading volume of 1,703,807 shares. The company has a market cap of $22.28 billion, a PE ratio of 27.3997 and a beta of 1.46. International Paper has a 52 week low of $43.55 and a 52 week high of $58.95. The stock’s 50 day moving average price is $55.77 and its 200-day moving average price is $53.58.

International Paper (NYSE:IP) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The business had revenue of $5.77 billion for the quarter, compared to analysts’ expectations of $5.72 billion. International Paper had a net margin of 3.73% and a return on equity of 27.09%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Equities research analysts predict that International Paper will post $3.47 earnings per share for the current year.

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In related news, insider Gregory T. Wanta sold 1,044 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $55.22, for a total value of $57,649.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.64% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of International Paper by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 438,814 shares of the basic materials company’s stock valued at $22,282,000 after buying an additional 9,553 shares in the last quarter. Private Trust Co. NA raised its position in shares of International Paper by 10.4% in the second quarter. Private Trust Co. NA now owns 5,245 shares of the basic materials company’s stock valued at $296,000 after buying an additional 492 shares in the last quarter. Sound Shore Management Inc. CT raised its position in shares of International Paper by 16.5% in the first quarter. Sound Shore Management Inc. CT now owns 3,370,525 shares of the basic materials company’s stock valued at $171,155,000 after buying an additional 477,084 shares in the last quarter. City Holding Co. raised its position in shares of International Paper by 2.5% in the second quarter. City Holding Co. now owns 4,100 shares of the basic materials company’s stock valued at $232,000 after buying an additional 100 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. raised its position in shares of International Paper by 52.2% in the first quarter. Pettyjohn Wood & White Inc. now owns 40,723 shares of the basic materials company’s stock valued at $2,068,000 after buying an additional 13,975 shares in the last quarter. Institutional investors and hedge funds own 83.68% 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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