Somewhat Positive Media Coverage Somewhat Unlikely to Impact International Paper (IP) Stock Price
News articles about International Paper (NYSE:IP) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. International Paper earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.3038044922172 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- International Paper Co (IP) Insider Carleton C. Ealy Sells 22,000 Shares (americanbankingnews.com)
- International Paper (IP) Presents At Vertical Research Partners Materials Conference – Slideshow (seekingalpha.com)
- IP brushes off recent M&A attempt, looks to future (finance.yahoo.com)
- Worker Killed in Demolition Collapse at IP-Owned Paper Mill (memphisdailynews.com)
- Stocks Still Rising at Start of Eventful Week (finance.yahoo.com)
Shares of International Paper opened at $55.43 on Friday, according to Marketbeat.com. International Paper has a 12-month low of $50.00 and a 12-month high of $66.94. The company has a quick ratio of 1.17, a current ratio of 1.63 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.18 and a beta of 1.53.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, May 25th were paid a $0.475 dividend. The ex-dividend date was Thursday, May 24th. This represents a $1.90 annualized dividend and a dividend yield of 3.43%. International Paper’s payout ratio is 54.44%.
A number of research firms have recently commented on IP. Zacks Investment Research raised International Paper from a “sell” rating to a “buy” rating and set a $58.00 price target for the company in a report on Monday, April 9th. ValuEngine raised International Paper from a “sell” rating to a “hold” rating in a report on Monday, June 4th. Stephens set a $66.00 price target on International Paper and gave the stock a “hold” rating in a report on Wednesday, June 6th. UBS Group began coverage on International Paper in a report on Thursday, March 29th. They set a “buy” rating and a $63.00 price target for the company. Finally, Wells Fargo & Co lowered their price target on International Paper from $60.00 to $53.00 and set a “market perform” rating for the company in a report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. International Paper presently has an average rating of “Buy” and a consensus price target of $65.23.
In other news, insider Carleton C. Ealy sold 22,000 shares of the stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $56.79, for a total value of $1,249,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.
About International Paper
International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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