Shares of International Paper Company (NYSE:IP) have received an average rating of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $59.33.

IP has been the subject of several recent research reports. BidaskClub raised International Paper from a “hold” rating to a “buy” rating in a report on Friday, June 16th. DA Davidson raised International Paper from a “neutral” rating to a “buy” rating and upped their price target for the company from $53.75 to $62.00 in a report on Monday, August 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 price target (up previously from $65.00) on shares of International Paper in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) raised International Paper from a “neutral” rating to a “buy” rating and upped their price target for the company from $60.00 to $64.00 in a report on Thursday, July 13th. Finally, Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Tuesday, July 11th.

Shares of International Paper (IP) traded down 2.16% during midday trading on Friday, hitting $56.05. The stock had a trading volume of 3,459,253 shares. The firm has a market cap of $23.14 billion, a PE ratio of 28.47 and a beta of 1.46. The firm has a 50-day moving average of $54.48 and a 200 day moving average of $53.84. International Paper has a 12-month low of $43.55 and a 12-month high of $58.95.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $5.77 billion during the quarter, compared to analysts’ expectations of $5.72 billion. International Paper had a return on equity of 27.09% and a net margin of 3.73%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, analysts expect that International Paper will post $3.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were given a $0.4625 dividend. The ex-dividend date was Friday, August 11th. This represents a $1.85 annualized dividend and a dividend yield of 3.30%. International Paper’s dividend payout ratio is currently 93.91%.

In other news, insider Gregory T. Wanta sold 1,044 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $55.22, for a total value of $57,649.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.63% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Exencial Wealth Advisors LLC boosted its position in shares of International Paper by 0.3% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 6,312 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 16 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of International Paper by 0.3% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 6,426 shares of the basic materials company’s stock worth $326,000 after purchasing an additional 20 shares during the last quarter. Piedmont Investment Advisors LLC boosted its position in shares of International Paper by 0.5% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 4,335 shares of the basic materials company’s stock worth $245,000 after purchasing an additional 20 shares during the last quarter. Vaughan David Investments Inc. IL boosted its position in shares of International Paper by 0.5% in the 1st quarter. Vaughan David Investments Inc. IL now owns 4,248 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 21 shares during the last quarter. Finally, Mechanics Bank Trust Department boosted its position in shares of International Paper by 0.6% in the 2nd quarter. Mechanics Bank Trust Department now owns 4,467 shares of the basic materials company’s stock worth $253,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

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About International Paper

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

Analyst Recommendations for International Paper (NYSE:IP)

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