International Paper (NYSE:IP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

International Paper (NYSE:IP) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $51.96.

IP has been the topic of several research analyst reports. Stifel Nicolaus began coverage on shares of International Paper in a research report on Tuesday, July 9th. They set a “hold” rating and a $48.70 price target on the stock. Truist Financial restated a “buy” rating and set a $61.00 price target (up from $57.00) on shares of International Paper in a research report on Friday. Argus upgraded International Paper from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Wednesday, August 14th. Royal Bank of Canada raised their price objective on International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Wells Fargo & Company increased their price target on shares of International Paper from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th.

Insiders Place Their Bets

In related news, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $46.10, for a total value of $27,660.00. Following the transaction, the director now directly owns 41,002 shares of the company’s stock, valued at approximately $1,890,192.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Clay R. Ellis sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $48.83, for a total transaction of $439,470.00. Following the completion of the transaction, the senior vice president now directly owns 49,832 shares of the company’s stock, valued at $2,433,296.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathryn D. Sullivan sold 600 shares of the firm’s 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 owns 41,002 shares in the company, valued at $1,890,192.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,440 shares of company stock valued at $938,486. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On International Paper

Several hedge funds and other institutional investors have recently modified their holdings of the company. Innealta Capital LLC bought a new stake in International Paper during the second quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new stake in shares of International Paper during the 3rd quarter valued at $28,000. Crewe Advisors LLC purchased a new stake in shares of International Paper in the 1st quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in International Paper in the 2nd quarter worth $37,000. Finally, Eastern Bank purchased a new position in International Paper during the third quarter valued at $40,000. 81.95% of the stock is owned by institutional investors.

International Paper Trading Up 1.5 %

NYSE IP opened at $56.60 on Tuesday. The stock has a market cap of $19.66 billion, a P/E ratio of 48.38 and a beta of 1.02. International Paper has a fifty-two week low of $31.76 and a fifty-two week high of $56.90. The stock has a 50 day simple moving average of $48.64 and a two-hundred day simple moving average of $45.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.17 and a current ratio of 1.53.

International Paper (NYSE:IP) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. The company had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.70 billion. International Paper had a return on equity of 6.49% and a net margin of 2.25%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. On average, analysts forecast that International Paper will post 1.54 earnings per share for the current year.

International Paper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Friday, November 15th. International Paper’s dividend payout ratio (DPR) is 158.12%.

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.