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

International Paper (NYSE:IP) has earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $51.99.

Several research firms recently weighed in on IP. Royal Bank of Canada boosted their target price on International Paper from $56.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BNP Paribas cut shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a report on Wednesday, November 13th. Finally, Truist Financial lifted their price target on shares of International Paper from $61.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, January 6th.

Insiders Place Their Bets

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $56.19, for a total value of $33,714.00. Following the transaction, the director now directly owns 37,745 shares in the company, valued at approximately $2,120,891.55. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 1,800 shares of company stock valued at $100,848. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On International Paper

Several hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in International Paper in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of International Paper in the third quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new position in shares of International Paper during the third quarter worth about $28,000. Versant Capital Management Inc raised its holdings in International Paper by 313.3% during the fourth quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 448 shares in the last quarter. Finally, City State Bank lifted its position in International Paper by 107.7% in the fourth quarter. City State Bank now owns 675 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 350 shares during the period. 81.95% of the stock is owned by institutional investors and hedge funds.

International Paper Stock Up 0.6 %

Shares of NYSE:IP opened at $58.55 on Friday. International Paper has a fifty-two week low of $32.70 and a fifty-two week high of $60.36. The firm’s 50 day moving average price is $56.05 and its 200 day moving average price is $50.95. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 0.62. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 50.04 and a beta of 1.03.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.20. International Paper had a net margin of 2.25% and a return on equity of 6.49%. The business had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same period in the previous year, the company earned $0.64 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities research analysts predict that International Paper will post 1.18 earnings per share for the current fiscal year.

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.