Shares of International Paper Co (NYSE:IP) have earned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $52.40.

A number of research analysts have commented on the company. Citigroup increased their target price on International Paper from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Bank of America downgraded International Paper from a “buy” rating to a “neutral” rating in a report on Tuesday, April 16th. UBS Group reduced their target price on International Paper from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Deutsche Bank reduced their target price on International Paper from $55.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, January 17th. Finally, Royal Bank of Canada increased their target price on International Paper to $54.00 and gave the stock an “outperform” rating in a report on Friday, February 1st.

Shares of NYSE IP opened at $44.82 on Thursday. International Paper has a fifty-two week low of $37.55 and a fifty-two week high of $59.57. The company has a quick ratio of 0.96, a current ratio of 1.43 and a debt-to-equity ratio of 1.37. The company has a market cap of $17.55 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55.

International Paper (NYSE:IP) last released its earnings results on Thursday, April 25th. The basic materials company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.20. International Paper had a return on equity of 31.35% and a net margin of 7.32%. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter last year, the business posted $0.94 EPS. International Paper’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts expect that International Paper will post 5.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, May 28th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Friday, May 24th. International Paper’s dividend payout ratio (DPR) is 37.59%.

In related news, insider Jeanmichel Ribieras sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $47.15, for a total value of $471,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gregory T. Wanta sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $47.72, for a total value of $429,480.00. The disclosure for this sale can be found here. In the last three months, insiders sold 45,760 shares of company stock worth $2,150,687. Company insiders own 0.33% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in IP. 10 15 Associates Inc. raised its stake in International Paper by 1.7% during the 4th quarter. 10 15 Associates Inc. now owns 13,290 shares of the basic materials company’s stock valued at $536,000 after acquiring an additional 220 shares in the last quarter. CIBC Asset Management Inc raised its stake in International Paper by 0.6% during the 1st quarter. CIBC Asset Management Inc now owns 38,044 shares of the basic materials company’s stock valued at $1,760,000 after acquiring an additional 231 shares in the last quarter. Foster & Motley Inc. raised its stake in International Paper by 1.0% during the 4th quarter. Foster & Motley Inc. now owns 24,959 shares of the basic materials company’s stock valued at $1,007,000 after acquiring an additional 248 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in International Paper by 1.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,879 shares of the basic materials company’s stock valued at $560,000 after acquiring an additional 248 shares in the last quarter. Finally, Cable Hill Partners LLC raised its stake in International Paper by 17.5% during the 1st quarter. Cable Hill Partners LLC now owns 1,669 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 248 shares in the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.

About International Paper

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Analyst Recommendations for International Paper (NYSE:IP)

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