KeyCorp reiterated their hold rating on shares of International Paper Company (NYSE:IP) in a research note published on Thursday.

“We don’t quite understand investors’ willingness to ignore what has happened and focus seemingly exclusively on what could happen.”,” KeyCorp’s analyst commented.

Other analysts also recently issued reports about the stock. ValuEngine downgraded shares of International Paper from a buy rating to a hold rating in a research report on Monday, July 17th. Jefferies Group LLC reiterated a buy rating and issued a $66.00 price objective (up from $65.00) on shares of International Paper in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of International Paper from a buy rating to a hold rating in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) upgraded shares of International Paper from a neutral rating to a buy rating and lifted their price objective for the company from $60.00 to $64.00 in a research report on Thursday, July 13th. Finally, BidaskClub downgraded shares of International Paper from a buy rating to a hold rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. International Paper currently has an average rating of Hold and an average price target of $56.90.

International Paper (NYSE IP) traded up 0.42% on Thursday, reaching $54.97. 1,655,908 shares of the company’s stock were exchanged. International Paper has a 1-year low of $43.55 and a 1-year high of $58.95. The firm has a market capitalization of $23.15 billion, a price-to-earnings ratio of 27.92 and a beta of 1.48. The stock’s 50 day moving average price is $56.61 and its 200 day moving average price is $53.65.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. International Paper had a net margin of 3.73% and a return on equity of 27.09%. The company had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts expect that International Paper will post $3.60 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be paid a $0.4625 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.85 annualized dividend and a dividend yield of 3.38%. International Paper’s dividend payout ratio is currently 93.91%.

Several hedge funds and other institutional investors have recently made changes to their positions in IP. FNY Partners Fund LP boosted its stake in International Paper by 166.7% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after buying an additional 1,250 shares in the last quarter. Asset Advisors Corp boosted its stake in International Paper by 3.6% in the second quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock valued at $136,000 after buying an additional 84 shares in the last quarter. Hefty Wealth Partners boosted its stake in International Paper by 4,425.7% in the first quarter. Hefty Wealth Partners now owns 3,168 shares of the basic materials company’s stock valued at $160,000 after buying an additional 3,098 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in International Paper during the first quarter valued at approximately $172,000. Finally, Parallel Advisors LLC boosted its stake in International Paper by 24.8% in the first quarter. Parallel Advisors LLC now owns 3,417 shares of the basic materials company’s stock valued at $182,000 after buying an additional 680 shares in the last quarter. Institutional investors own 83.09% of the company’s stock.

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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