International Paper (NYSE:IP) Given Consensus Rating of “Hold” by Brokerages

Shares of International Paper (NYSE:IPGet Rating) have received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $34.67.

A number of equities analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of International Paper from $40.00 to $34.00 and set a “hold” rating for the company in a report on Friday, October 28th. BMO Capital Markets dropped their target price on shares of International Paper from $60.00 to $50.00 in a research report on Friday, October 28th. Royal Bank of Canada dropped their target price on shares of International Paper from $38.00 to $36.00 and set a “sector perform” rating for the company in a research report on Friday, October 28th. Bank of America dropped their target price on shares of International Paper from $46.00 to $37.00 in a research report on Thursday, October 13th. Finally, Deutsche Bank Aktiengesellschaft cut shares of International Paper from a “hold” rating to a “sell” rating and dropped their target price for the stock from $44.00 to $29.00 in a research report on Tuesday, October 18th.

Insider Activity

In other news, SVP Timothy S. Nicholls sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $33.66, for a total value of $252,450.00. Following the transaction, the senior vice president now owns 101,897 shares of the company’s stock, valued at approximately $3,429,853.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Thomas J. Plath sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $36.00, for a total value of $72,000.00. Following the transaction, the senior vice president now owns 49,953 shares of the company’s stock, valued at approximately $1,798,308. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy S. Nicholls sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $33.66, for a total transaction of $252,450.00. Following the completion of the transaction, the senior vice president now directly owns 101,897 shares in the company, valued at approximately $3,429,853.02. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in International Paper by 0.9% during the 1st quarter. State Street Corp now owns 24,364,091 shares of the basic materials company’s stock worth $1,124,403,000 after acquiring an additional 218,754 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in International Paper by 7.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,506,475 shares of the basic materials company’s stock worth $300,274,000 after acquiring an additional 450,484 shares during the last quarter. Greenhaven Associates Inc. boosted its stake in International Paper by 22.1% during the 4th quarter. Greenhaven Associates Inc. now owns 6,081,825 shares of the basic materials company’s stock worth $210,614,000 after acquiring an additional 1,099,100 shares during the last quarter. Nordea Investment Management AB boosted its stake in International Paper by 0.5% during the 3rd quarter. Nordea Investment Management AB now owns 5,963,318 shares of the basic materials company’s stock worth $193,987,000 after acquiring an additional 27,986 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in International Paper by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 5,232,061 shares of the basic materials company’s stock valued at $165,880,000 after buying an additional 69,539 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

International Paper Price Performance

NYSE:IP opened at $36.75 on Wednesday. The company has a 50-day moving average of $36.30 and a 200-day moving average of $37.50. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 7.00 and a beta of 1.01. International Paper has a 52 week low of $30.69 and a 52 week high of $50.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.97 and a current ratio of 1.38.

International Paper (NYSE:IPGet Rating) last released its quarterly earnings data on Thursday, October 27th. The basic materials company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.21). The business had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.32 billion. International Paper had a return on equity of 15.47% and a net margin of 9.14%. As a group, equities research analysts anticipate that International Paper will post 3.69 earnings per share for the current fiscal year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Friday, February 17th will be paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, February 16th. International Paper’s dividend payout ratio (DPR) is presently 35.24%.

About International Paper

(Get Rating)

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment is involved in manufacturing containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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