International Paper (IP) PT Set at $66.00 by Stephens
IP has been the topic of several other research reports. Bank of America raised shares of International Paper from a neutral rating to a buy rating and set a $66.00 price target on the stock in a report on Tuesday, January 2nd. Zacks Investment Research downgraded shares of International Paper from a hold rating to a sell rating in a report on Tuesday, September 26th. KeyCorp reaffirmed a hold rating on shares of International Paper in a report on Thursday, October 12th. BMO Capital Markets reaffirmed a buy rating and issued a $62.00 price target on shares of International Paper in a report on Friday, November 24th. Finally, ValuEngine downgraded shares of International Paper from a buy rating to a hold rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $63.25.
Shares of International Paper (NYSE IP) opened at $62.26 on Wednesday. International Paper has a fifty-two week low of $49.60 and a fifty-two week high of $62.44. The stock has a market cap of $25,708.90, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.46 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97.
International Paper (NYSE:IP) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. equities research analysts expect that International Paper will post 3.51 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Tuesday, February 20th. International Paper’s payout ratio is 87.56%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted its stake in shares of International Paper by 2.4% during the second quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock valued at $107,000 after buying an additional 47 shares during the period. Rational Advisors LLC purchased a new position in shares of International Paper during the third quarter valued at approximately $108,000. Amica Retiree Medical Trust purchased a new position in shares of International Paper during the third quarter valued at approximately $128,000. Krilogy Financial LLC lifted its stake in shares of International Paper by 9.3% during the second quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock valued at $140,000 after buying an additional 210 shares during the period. Finally, Advisory Services Network LLC lifted its stake in shares of International Paper by 188.8% during the second quarter. Advisory Services Network LLC now owns 2,533 shares of the basic materials company’s stock valued at $143,000 after buying an additional 1,656 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.
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International Paper Company Profile
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.
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