International Paper (NYSE:IP) Receives $35.00 Average PT from Brokerages

International Paper (NYSE:IPGet Free Report) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $35.00.

IP has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price target on shares of International Paper in a report on Friday, February 2nd. StockNews.com downgraded shares of International Paper from a “buy” rating to a “hold” rating in a report on Sunday, January 14th. Wells Fargo & Company cut their price target on shares of International Paper from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Truist Financial cut their price target on shares of International Paper from $46.00 to $40.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Finally, Jefferies Financial Group cut their target price on shares of International Paper from $33.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, October 18th.

Check Out Our Latest Stock Analysis on International Paper

International Paper Price Performance

IP opened at $34.89 on Friday. The company has a fifty day moving average price of $36.48 and a two-hundred day moving average price of $35.13. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.67. International Paper has a 52 week low of $29.00 and a 52 week high of $39.65. The firm has a market capitalization of $12.07 billion, a PE ratio of 42.55 and a beta of 0.99.

International Paper (NYSE:IPGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.41 EPS for the quarter, topping 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 company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. As a group, analysts anticipate that International Paper will post 1.91 earnings per share for the current year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 22nd will be paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 5.30%. The ex-dividend date is Wednesday, February 21st. International Paper’s dividend payout ratio (DPR) is currently 225.61%.

Institutional Investors Weigh In On International Paper

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC boosted its holdings in International Paper by 22.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 41,196 shares of the basic materials company’s stock worth $1,310,000 after purchasing an additional 7,594 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in International Paper by 8.3% in the second quarter. B. Riley Wealth Advisors Inc. now owns 48,080 shares of the basic materials company’s stock valued at $1,529,000 after acquiring an additional 3,665 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of International Paper by 6.7% during the 3rd quarter. Metis Global Partners LLC now owns 21,824 shares of the basic materials company’s stock valued at $774,000 after buying an additional 1,376 shares in the last quarter. SteelPeak Wealth LLC lifted its stake in shares of International Paper by 40.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 20,935 shares of the basic materials company’s stock valued at $743,000 after buying an additional 6,033 shares in the last quarter. Finally, Donaldson Capital Management LLC lifted its stake in shares of International Paper by 17.0% during the 3rd quarter. Donaldson Capital Management LLC now owns 20,415 shares of the basic materials company’s stock valued at $724,000 after buying an additional 2,967 shares in the last quarter. 80.78% of the stock is owned by institutional investors.

International Paper Company Profile

(Get Free Report

International Paper Company produces renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through Industrial Packaging and Global Cellulose Fibers segment. The company's Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

Further Reading

Analyst Recommendations for International Paper (NYSE:IP)

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