International Paper Co (IP) Receives $66.00 Consensus Target Price from Brokerages

International Paper Co (NYSE:IP) has been assigned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six 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 covered the stock in the last year is $66.00.

Several research analysts have recently commented on IP shares. Credit Suisse Group lifted their target price on International Paper from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. ValuEngine lowered International Paper from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Bank of America upgraded International Paper from a “neutral” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Tuesday, January 2nd. Wells Fargo & Co reiterated an “outperform” rating and issued a $70.00 target price (up previously from $65.00) on shares of International Paper in a research report on Monday, January 8th. Finally, KeyCorp reiterated a “hold” rating on shares of International Paper in a research report on Tuesday, January 2nd.

Shares of International Paper (IP) traded up $1.19 on Tuesday, hitting $59.50. The stock had a trading volume of 2,237,071 shares, compared to its average volume of 2,713,093. The firm has a market cap of $24,350.00, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.50. The company has a current ratio of 1.62, a quick ratio of 1.17 and a debt-to-equity ratio of 1.75. International Paper has a one year low of $49.60 and a one year high of $66.94.

International Paper (NYSE:IP) last issued its earnings results on Thursday, February 1st. The basic materials company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.19 by $0.08. The company had revenue of $5.71 billion during the quarter, compared to analyst estimates of $6.01 billion. International Paper had a return on equity of 29.53% and a net margin of 9.36%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. sell-side analysts forecast that International Paper will post 4.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be given a dividend of $0.475 per share. The ex-dividend date is Tuesday, February 20th. This represents a $1.90 dividend on an annualized basis and a yield of 3.19%. International Paper’s dividend payout ratio is currently 87.16%.

Large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in International Paper by 9.9% during the 2nd quarter. FMR LLC now owns 359,574 shares of the basic materials company’s stock valued at $20,356,000 after acquiring an additional 32,461 shares in the last quarter. Piedmont Investment Advisors LLC raised its stake in International Paper by 0.5% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 4,335 shares of the basic materials company’s stock valued at $245,000 after acquiring an additional 20 shares in the last quarter. Advisory Services Network LLC raised its stake in International Paper by 188.8% during the 2nd quarter. Advisory Services Network LLC now owns 2,533 shares of the basic materials company’s stock valued at $143,000 after acquiring an additional 1,656 shares in the last quarter. Intl Fcstone Inc. bought a new stake in International Paper during the 2nd quarter valued at $284,000. Finally, Shell Asset Management Co. raised its stake in International Paper by 131.4% during the 3rd quarter. Shell Asset Management Co. now owns 59,459 shares of the basic materials company’s stock valued at $2,839,000 after acquiring an additional 33,767 shares in the last quarter. Institutional investors and hedge funds own 80.61% of the company’s stock.

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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.

Analyst Recommendations for International Paper (NYSE:IP)

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