Somewhat Positive Media Coverage Somewhat Unlikely to Impact International Paper (IP) Stock Price
Headlines about International Paper (NYSE:IP) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. International Paper earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.9741068873788 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Do What Institutional Investors Does: International Paper Company (IP), Las Vegas Sands Corp. (LVS) – Market Movers (financialqz.com)
- Letter: The truth about paper (columbian.com)
- International Paper Co. breached its 50 day moving average in a Bearish Manner : IP-US : December 15, 2017 (finance.yahoo.com)
- $5.94 Billion in Sales Expected for International Paper Company (IP) This Quarter (americanbankingnews.com)
- International Paper Company (NYSE: IP) – Attention Seeking Stock – Alpha Beta Stock (alphabetastock.com)
International Paper (IP) traded up $1.04 on Friday, reaching $56.25. The company had a trading volume of 4,870,000 shares, compared to its average volume of 2,000,000. The company has a market capitalization of $23,230.00, a PE ratio of 18.38, a PEG ratio of 1.69 and a beta of 1.46. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 2.31. International Paper has a 1-year low of $49.60 and a 1-year high of $58.96.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.475 per share. This is a boost from International Paper’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Tuesday, November 14th. International Paper’s dividend payout ratio (DPR) is 87.56%.
IP has been the subject of several recent analyst reports. Zacks Investment Research raised International Paper from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. KeyCorp reissued a “hold” rating on shares of International Paper in a report on Thursday, October 12th. BMO Capital Markets reissued a “buy” rating and set a $62.00 price objective on shares of International Paper in a report on Friday, November 24th. Royal Bank of Canada reissued a “buy” rating and set a $65.00 price objective on shares of International Paper in a report on Monday, August 21st. Finally, Stephens started coverage on International Paper in a report on Tuesday, October 24th. They set an “equal weight” rating and a $60.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. International Paper has a consensus rating of “Hold” and an average target price of $61.73.
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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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