Brokerages Set International Paper (NYSE:IP) Price Target at $63.17

International Paper (NYSE:IP) has been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $63.17.

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their price objective on International Paper from $66.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, June 7th. Argus upgraded International Paper from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday, June 11th. Stephens upgraded International Paper from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $58.00 to $80.00 in a research report on Monday, June 28th. Jefferies Financial Group increased their price objective on International Paper from $78.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, June 4th. Finally, Zacks Investment Research lowered International Paper from a “strong-buy” rating to a “hold” rating and set a $63.00 price objective for the company. in a research report on Monday, July 19th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Flputnam Investment Management Co. increased its position in shares of International Paper by 1.6% during the first quarter. Flputnam Investment Management Co. now owns 10,832 shares of the basic materials company’s stock worth $586,000 after purchasing an additional 175 shares in the last quarter. Holderness Investments Co. increased its position in shares of International Paper by 1.0% during the second quarter. Holderness Investments Co. now owns 18,666 shares of the basic materials company’s stock worth $1,144,000 after purchasing an additional 180 shares in the last quarter. Profund Advisors LLC increased its position in shares of International Paper by 3.5% during the second quarter. Profund Advisors LLC now owns 5,362 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 182 shares in the last quarter. Fifth Third Bancorp increased its position in shares of International Paper by 4.1% during the second quarter. Fifth Third Bancorp now owns 4,944 shares of the basic materials company’s stock worth $303,000 after purchasing an additional 194 shares in the last quarter. Finally, Intrua Financial LLC increased its position in shares of International Paper by 3.1% during the second quarter. Intrua Financial LLC now owns 6,516 shares of the basic materials company’s stock worth $391,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 81.58% of the company’s stock.

NYSE:IP opened at $57.75 on Friday. International Paper has a one year low of $38.38 and a one year high of $65.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.20 and a current ratio of 1.42. The stock has a market cap of $22.57 billion, a PE ratio of 20.05 and a beta of 1.05. The stock has a 50 day moving average price of $59.15 and a 200 day moving average price of $58.81.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, July 29th. The basic materials company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. International Paper had a return on equity of 16.67% and a net margin of 5.33%. The firm had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $5.60 billion. As a group, analysts predict that International Paper will post 4.87 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Monday, August 16th will be given a dividend of $0.5125 per share. This represents a $2.05 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, August 13th. International Paper’s dividend payout ratio (DPR) is currently 73.21%.

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.

Further Reading: What is a growth and income fund?

Analyst Recommendations for International Paper (NYSE:IP)

Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.