International Paper (NYSE: IP) has recently received a number of price target changes and ratings updates:

  • 1/10/2019 – International Paper was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Hurricane Florence had a negative impact of $36 million on International Paper’s third-quarter results, which included $8 million in volume and $28 million in operations. Notably, three mills and three box plants were impacted. The company expects a $15 million impact in the fourth quarter, mostly in the Global Cellulose Fibers business. Distribution costs are trending upwards lately due to a very tight truck and rail availability as well as higher diesel fuel cost. This, along with elevated input costs (fiber, chemicals, energy, and freight) will suppress margins in the near term. “
  • 1/9/2019 – International Paper was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating.
  • 1/8/2019 – International Paper had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $49.00 price target on the stock.
  • 1/3/2019 – International Paper was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Hurricane Florence had a negative impact of $36 million on International Paper’s third-quarter results, which included $8 million in volume and $28 million in operations. Notably, three mills and three box plants were impacted. The company expects a $15 million impact in the fourth quarter, mostly in the Global Cellulose Fibers business. Distribution costs are trending upwards lately due to a very tight truck and rail availability as well as higher diesel fuel cost. This, along with elevated input costs (fiber, chemicals, energy, and freight) will suppress margins in the near term. The stock has underperformed the industry over the past year.”
  • 12/31/2018 – International Paper had its “hold” rating reaffirmed by analysts at Zacks Investment Research. They now have a $42.00 price target on the stock. According to Zacks, “Backed by solid commercial performance and continued healthy demand across its businesses, International Paper is positioned to deliver improved results in the fourth quarter of 2018 and fiscal 2019 as well. However, elevated input costs and distribution costs will dent near-term margins. The stock has underperformed the industry over the past year. Nevertheless, International Paper will benefit from its restructuring initiatives, and significant investments to improve its North American containerboard mill system and enhance product quality. The company expects the acquisition of Weyerhaeuser’s pulp business to strengthen its position in the global fluff pulp market and augment its operating cash flow. The company has a positive record of earnings surprises in the last few quarters.”
  • 12/19/2018 – International Paper was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “Backed by solid commercial performance and continued healthy demand across its businesses, International Paper is positioned to deliver improved results in the fourth quarter and 2019 as well. International Paper will benefit from its restructuring initiatives, and significant investments to improve its North American containerboard mill system and enhance product quality. The company expects the acquisition of Weyerhaeuser’s pulp business to strengthen its position in the global fluff pulp market and augment its operating cash flow. The company has a record of positive earnings surprises in the last few quarters. Its estimates have undergone positive revisions recently.”
  • 12/18/2018 – International Paper was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Backed by solid commercial performance and continued healthy demand across its businesses, the company is positioned to deliver improved results in the fourth quarter of 2018 and fiscal 2019 as well. However, elevated input costs and distribution costs will dent near-term margins. The stock has underperformed the industry over the past year. Nevertheless, International Paper will benefit from its restructuring initiatives, and significant investments to improve its North American containerboard mill system and enhance product quality. The company expects the acquisition of Weyerhaeuser’s pulp business to strengthen its position in the global fluff pulp market and augment its operating cash flow. The company has a positive record of earnings surprises in the last few quarters.”
  • 12/12/2018 – International Paper was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Backed by solid commercial performance and continued healthy demand across its businesses, the company is positioned to deliver improved results in the fourth quarter of 2018 and fiscal 2019 as well. However, elevated input costs and distribution costs will dent near-term margins. The stock has underperformed the industry over the past year. Nevertheless, International Paper will benefit from its restructuring initiatives, and significant investments to improve its North American containerboard mill system and enhance product quality. The company expects the acquisition of Weyerhaeuser’s pulp business to strengthen its position in the global fluff pulp market and augment its operating cash flow. The company has a positive record of earnings surprises in the last few quarters.”
  • 12/11/2018 – International Paper was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock. According to Zacks, “Backed by solid commercial performance and continued healthy demand across its businesses, International Paper is positioned to deliver improved results in the fourth quarter and 2019 as well. International Paper will benefit from its restructuring initiatives, and significant investments to improve its North American containerboard mill system and enhance product quality. The company expects the acquisition of Weyerhaeuser’s pulp business to strengthen its position in the global fluff pulp market and augment its operating cash flow. The company has a record of positive earnings surprises in the last few quarters.”
  • 12/5/2018 – International Paper was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Backed by solid commercial performance and continued healthy demand across its businesses, the company is positioned to deliver improved results in the fourth quarter of 2018 and fiscal 2019 as well. However, elevated input costs and distribution costs will dent near-term margins. The stock has underperformed the industry over the past year. Nevertheless, International Paper will benefit from its restructuring initiatives, and significant investments to improve its North American containerboard mill system and enhance product quality. The company expects the acquisition of Weyerhaeuser’s pulp business to strengthen its position in the global fluff pulp market and augment its operating cash flow.”
  • 12/4/2018 – International Paper was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “Backed by solid commercial performance and continued healthy demand across its businesses, International Paper is positioned to deliver improved results in the fourth quarter and 2019 as well. International Paper will benefit from its restructuring initiatives, and significant investments to improve its North American containerboard mill system and enhance product quality. The company expects the acquisition of Weyerhaeuser’s pulp business to strengthen its position in the global fluff pulp market and augment its operating cash flow.”

Shares of IP stock opened at $44.32 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 1.52. International Paper Co has a 1 year low of $37.55 and a 1 year high of $66.94. The firm has a market cap of $17.30 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 0.79 and a beta of 1.48.

International Paper (NYSE:IP) last announced its quarterly earnings results on Thursday, October 25th. The basic materials company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.09. International Paper had a return on equity of 29.75% and a net margin of 13.68%. The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.90 billion. Equities analysts expect that International Paper Co will post 5.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 21st will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, February 20th. This represents a $2.00 dividend on an annualized basis and a yield of 4.51%. International Paper’s dividend payout ratio (DPR) is presently 57.31%.

A number of hedge funds have recently made changes to their positions in the business. Conning Inc. lifted its holdings in shares of International Paper by 4,805.7% in the third quarter. Conning Inc. now owns 733,935 shares of the basic materials company’s stock valued at $36,073,000 after buying an additional 718,974 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of International Paper by 28.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,477,279 shares of the basic materials company’s stock valued at $121,793,000 after buying an additional 555,339 shares during the period. Levin Capital Strategies L.P. lifted its holdings in shares of International Paper by 25.9% in the third quarter. Levin Capital Strategies L.P. now owns 2,351,655 shares of the basic materials company’s stock valued at $115,584,000 after buying an additional 484,156 shares during the period. LSV Asset Management lifted its holdings in shares of International Paper by 10.3% in the third quarter. LSV Asset Management now owns 4,723,998 shares of the basic materials company’s stock valued at $232,184,000 after buying an additional 439,685 shares during the period. Finally, Becker Capital Management Inc. acquired a new stake in shares of International Paper in the third quarter valued at $19,717,000. Institutional investors own 80.93% of the company’s stock.

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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