Brokerages Set International Paper (NYSE:IP) PT at $50.21

Shares of International Paper (NYSE:IP) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $50.21.

A number of equities analysts have issued reports on the company. Stifel Nicolaus initiated coverage on International Paper in a research note on Tuesday, July 9th. They set a “hold” rating and a $48.70 price target for the company. Royal Bank of Canada boosted their price target on shares of International Paper from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company raised their price objective on shares of International Paper from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Seaport Res Ptn raised shares of International Paper from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 28th. Finally, Argus raised shares of International Paper from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Wednesday, August 14th.

Insider Activity

In related news, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $46.10, for a total value of $27,660.00. Following the completion of the transaction, the director now owns 41,002 shares of the company’s stock, valued at approximately $1,890,192.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Joseph R. Saab sold 2,440 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $47.30, for a total value of $115,412.00. Following the transaction, the senior vice president now owns 18,668 shares in the company, valued at $882,996.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $46.10, for a total transaction of $27,660.00. Following the completion of the sale, the director now directly owns 41,002 shares of the company’s stock, valued at $1,890,192.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,840 shares of company stock worth $905,294 over the last 90 days. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On International Paper

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new position in shares of International Paper in the second quarter worth $26,000. MCF Advisors LLC increased its position in International Paper by 1,094.7% in the 1st quarter. MCF Advisors LLC now owns 681 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 624 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of International Paper during the 1st quarter worth about $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of International Paper during the 4th quarter valued at about $37,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of International Paper in the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

International Paper Stock Performance

Shares of NYSE IP opened at $48.19 on Friday. International Paper has a 12-month low of $31.76 and a 12-month high of $50.68. The company has a market cap of $16.74 billion, a PE ratio of 98.35 and a beta of 1.04. The stock has a 50 day simple moving average of $47.66 and a 200-day simple moving average of $43.90. The company has a current ratio of 1.59, a quick ratio of 1.17 and a debt-to-equity ratio of 0.62.

International Paper (NYSE:IP) last announced its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.14. International Paper had a return on equity of 7.28% and a net margin of 2.34%. The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities research analysts forecast that International Paper will post 1.55 EPS for the current year.

International Paper Company Profile

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.