International Paper (NYSE:IP) Given Average Rating of “Moderate Buy” by Brokerages

International Paper (NYSE:IP) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $51.99.

A number of equities analysts recently issued reports on the company. BNP Paribas lowered International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective for the company. in a report on Wednesday, November 13th. Truist Financial lifted their price objective on shares of International Paper from $61.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada increased their target price on shares of International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, November 1st.

Insider Buying and Selling

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $53.50, for a total transaction of $32,100.00. Following the sale, the director now owns 38,345 shares in the company, valued at approximately $2,051,457.50. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 1,800 shares of company stock worth $100,848. Corporate insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On International Paper

A number of large investors have recently made changes to their positions in the company. Greenleaf Trust boosted its stake in International Paper by 6.7% in the 4th quarter. Greenleaf Trust now owns 9,020 shares of the basic materials company’s stock worth $485,000 after purchasing an additional 568 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of International Paper by 4.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,169 shares of the basic materials company’s stock valued at $1,193,000 after buying an additional 990 shares in the last quarter. Symphony Financial Ltd. Co. boosted its position in International Paper by 5.9% during the 4th quarter. Symphony Financial Ltd. Co. now owns 30,919 shares of the basic materials company’s stock worth $1,794,000 after acquiring an additional 1,709 shares during the period. Alpha Omega Wealth Management LLC purchased a new position in International Paper during the 4th quarter valued at about $209,000. Finally, OLD National Bancorp IN lifted its position in shares of International Paper by 4.8% in the fourth quarter. OLD National Bancorp IN now owns 16,789 shares of the basic materials company’s stock worth $904,000 after purchasing an additional 775 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

International Paper Price Performance

Shares of NYSE IP opened at $60.08 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.53 and a quick ratio of 1.11. The firm has a market capitalization of $20.87 billion, a PE ratio of 51.35 and a beta of 1.03. International Paper has a 1-year low of $32.70 and a 1-year high of $60.36. The business’s fifty day moving average price is $56.14 and its two-hundred day moving average price is $51.12.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.20. International Paper had a net margin of 2.25% and a return on equity of 6.49%. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same period last year, the firm posted $0.64 EPS. International Paper’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, research analysts expect that International Paper will post 1.18 EPS for the current year.

About International Paper

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.