International Paper (NYSE:IP – Get Free Report) Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $37.78, for a total transaction of $22,668.00. Following the completion of the transaction, the director now directly owns 41,188 shares in the company, valued at approximately $1,556,082.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
International Paper Stock Down 2.4 %
Shares of NYSE:IP opened at $35.06 on Thursday. The firm’s 50 day moving average price is $36.72 and its 200 day moving average price is $35.84. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 42.76 and a beta of 0.99. International Paper has a fifty-two week low of $29.00 and a fifty-two week high of $41.28. The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 0.65.
International Paper (NYSE:IP – Get Free Report) last issued its earnings results on Thursday, February 1st. The basic materials company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.67 billion. International Paper had a net margin of 1.52% and a return on equity of 8.87%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. As a group, equities research analysts predict that International Paper will post 1.88 earnings per share for the current fiscal year.
Institutional Trading of International Paper
Wall Street Analysts Forecast Growth
IP has been the topic of a number of recent analyst reports. Citigroup raised shares of International Paper from a “neutral” rating to a “buy” rating and upped their target price for the company from $36.00 to $46.00 in a research report on Wednesday, March 20th. Truist Financial reissued a “buy” rating and set a $40.00 price target on shares of International Paper in a research report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $43.00 price target on shares of International Paper in a research report on Friday, February 2nd. Bank of America raised shares of International Paper from an “underperform” rating to a “buy” rating and increased their price target for the stock from $37.00 to $42.00 in a research report on Monday, March 4th. Finally, Argus cut shares of International Paper from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $37.13.
Read Our Latest Stock Analysis on International Paper
About International Paper
International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.
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