International Paper Company (NYSE:IP) Receives $48.75 Average Price Target from Analysts

International Paper Company (NYSE:IP) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $49.1308.

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada increased their price objective on shares of International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Truist Financial reissued a “buy” rating and set a $49.00 price objective (up from $46.00) on shares of International Paper in a research note on Friday, July 31st. JPMorgan Chase & Co. upgraded International Paper from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $51.00 to $61.00 in a research report on Tuesday, July 28th. Seaport Research Partners restated a “buy” rating and issued a $46.00 price objective on shares of International Paper in a research report on Wednesday, August 12th. Finally, Zacks Research upgraded International Paper from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th.

Insider Transactions at International Paper

In related news, CAO Holly G. Goughnour sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total transaction of $146,860.00. Following the transaction, the chief accounting officer owned 34,248 shares of the company’s stock, valued at approximately $1,437,046.08. This represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP William Hamic sold 24,500 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $41.20, for a total transaction of $1,009,400.00. Following the sale, the vice president owned 106,952 shares in the company, valued at approximately $4,406,422.40. This trade represents a 18.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IP. MCF Advisors LLC increased its stake in International Paper by 36.7% during the 4th quarter. MCF Advisors LLC now owns 853 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 229 shares in the last quarter. Rothschild Investment LLC lifted its stake in International Paper by 4.2% in the fourth quarter. Rothschild Investment LLC now owns 5,993 shares of the basic materials company’s stock valued at $236,000 after buying an additional 242 shares in the last quarter. Independent Advisor Alliance lifted its stake in International Paper by 3.3% in the fourth quarter. Independent Advisor Alliance now owns 7,750 shares of the basic materials company’s stock valued at $305,000 after buying an additional 244 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of International Paper by 1.3% in the first quarter. Stephens Inc. AR now owns 23,032 shares of the basic materials company’s stock valued at $853,000 after buying an additional 298 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of International Paper by 2.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,274 shares of the basic materials company’s stock valued at $523,000 after buying an additional 302 shares during the period. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Price Performance

Shares of NYSE IP opened at $35.54 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.84 and a current ratio of 1.10. The company’s fifty day moving average is $38.96 and its two-hundred day moving average is $36.65. International Paper has a one year low of $29.26 and a one year high of $50.25. The firm has a market capitalization of $18.82 billion, a P/E ratio of -5.45, a PEG ratio of 4.28 and a beta of 0.93.

International Paper (NYSE:IP) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.19 billion. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The firm’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. Analysts forecast that International Paper will post 1.33 EPS for the current fiscal year.

International Paper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, August 14th. International Paper’s dividend payout ratio (DPR) is currently -28.37%.

International Paper Company Profile

International Paper Company (NYSE: IP) is a global producer of sustainable packaging and paper-based products. The company manufactures containerboard, corrugated packaging, and other fiber-based packaging solutions used to transport and protect goods across a range of industries. Its offerings also include absorbent pulp and cellulose fibers used in products such as diapers, hygiene items, and other consumer and industrial applications.

Founded in 1898, International Paper has grown through the development and operation of paper mills, packaging facilities, and related manufacturing assets.