Stephens set a $57.00 price objective on International Paper (NYSE:IP) in a research note issued to investors on Tuesday morning. The firm currently has a hold rating on the basic materials company’s stock.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets dropped their price objective on shares of International Paper from $70.00 to $66.00 and set an outperform rating on the stock in a research note on Friday, July 27th. ValuEngine downgraded shares of International Paper from a sell rating to a strong sell rating in a research note on Monday, July 2nd. Wells Fargo & Co increased their price objective on shares of International Paper from $62.00 to $70.00 and gave the company an outperform rating in a research note on Monday, July 9th. Citigroup reiterated a buy rating and set a $65.00 price objective (down from $71.00) on shares of International Paper in a research note on Monday, July 23rd. Finally, Barclays dropped their price objective on shares of International Paper from $55.00 to $52.00 and set an underweight rating on the stock in a research note on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $64.38.

Shares of IP stock opened at $52.73 on Tuesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.13 and a current ratio of 1.57. The stock has a market capitalization of $21.41 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 1.06 and a beta of 1.50. International Paper has a one year low of $50.00 and a one year high of $66.94.

International Paper (NYSE:IP) last issued its earnings results on Thursday, July 26th. The basic materials company reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.10. International Paper had a net margin of 12.95% and a return on equity of 29.24%. The business had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the firm earned $0.65 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities analysts forecast that International Paper will post 5.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Wednesday, August 15th will be given a dividend of $0.475 per share. The ex-dividend date is Tuesday, August 14th. This represents a $1.90 dividend on an annualized basis and a yield of 3.60%. International Paper’s payout ratio is 54.44%.

In other International Paper news, insider W. Michael Jr. Amick sold 10,930 shares of the firm’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $55.86, for a total value of $610,549.80. Following the completion of the transaction, the insider now owns 29,844 shares of the company’s stock, valued at $1,667,085.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Timothy S. Nicholls sold 17,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $52.53, for a total transaction of $893,010.00. Following the completion of the transaction, the insider now directly owns 108,538 shares of the company’s stock, valued at approximately $5,701,501.14. The disclosure for this sale can be found here. Insiders have sold 42,930 shares of company stock valued at $2,296,610 in the last three months. 0.32% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of IP. Dupont Capital Management Corp purchased a new position in shares of International Paper during the first quarter worth $196,000. Mackay Shields LLC purchased a new position in shares of International Paper during the first quarter worth $3,713,000. Victory Capital Management Inc. raised its holdings in shares of International Paper by 52.5% during the first quarter. Victory Capital Management Inc. now owns 238,381 shares of the basic materials company’s stock worth $12,737,000 after purchasing an additional 82,043 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of International Paper by 24.2% during the first quarter. Prudential Financial Inc. now owns 710,794 shares of the basic materials company’s stock worth $37,977,000 after purchasing an additional 138,608 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of International Paper by 157.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 34,094 shares of the basic materials company’s stock worth $1,821,000 after purchasing an additional 20,858 shares during the last quarter. 82.20% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Trading Strategy

Analyst Recommendations for International Paper (NYSE:IP)

Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.