International Paper Co (NYSE:IP) shares traded down 5.4% on Thursday . The stock traded as low as $56.00 and last traded at $56.05. 3,710,293 shares traded hands during trading, an increase of 32% from the average session volume of 2,819,033 shares. The stock had previously closed at $59.25.

Several research analysts recently weighed in on the company. Bank of America upped their price target on International Paper from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Royal Bank of Canada reissued a “buy” rating and set a $65.00 price target on shares of International Paper in a research report on Monday, October 23rd. ValuEngine raised International Paper from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday. Finally, Barclays upped their price target on International Paper from $50.00 to $52.00 and gave the company an “underweight” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $65.75.

The company has a current ratio of 1.62, a quick ratio of 1.17 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $24,100.00, a P/E ratio of 11.33, a P/E/G ratio of 1.23 and a beta of 1.50.

International Paper (NYSE:IP) last issued its earnings results on Thursday, February 1st. The basic materials company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.08. International Paper had a return on equity of 29.53% and a net margin of 9.36%. The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. equities analysts expect that International Paper Co will post 4.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st will be paid a $0.475 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $1.90 dividend on an annualized basis and a yield of 3.32%. International Paper’s dividend payout ratio (DPR) is currently 37.62%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Calton & Associates Inc. purchased a new position in International Paper in the fourth quarter valued at about $106,000. Rational Advisors LLC bought a new stake in shares of International Paper during the 3rd quarter worth about $108,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of International Paper during the 4th quarter worth about $112,000. Cerebellum GP LLC bought a new stake in shares of International Paper during the 4th quarter worth about $121,000. Finally, Amica Retiree Medical Trust bought a new stake in shares of International Paper during the 3rd quarter worth about $128,000. Hedge funds and other institutional investors own 81.53% 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.

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