International Paper Company (NYSE:IP) Receives $55.65 Consensus Target Price from Analysts

Key Points

• International Paper Company (NYSE:IP) has a consensus rating of "Hold" from analysts, with three sell ratings, one hold, and five buy ratings, alongside a 12-month price objective averaging $55.65.
• Recent institutional activity includes Vanguard Group increasing its holdings in International Paper by 52%, now owning over 62 million shares valued at approximately $3.34 billion.
• International Paper reported earnings per share of $0.20 for the last quarter, missing estimates, with a revenue of $6.77 billion, marking a 42.9% increase compared to the previous year.

Shares of International Paper Company (NYSE:IP - Get Free Report) have earned a consensus recommendation of "Hold" from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $55.65.

Several brokerages have issued reports on IP. Truist Financial set a $59.00 price objective on shares of International Paper in a research note on Wednesday, May 28th. Wells Fargo & Company reissued an "underweight" rating and issued a $43.00 price objective (up previously from $40.00) on shares of International Paper in a research note on Thursday, July 10th. JPMorgan Chase & Co. downgraded shares of International Paper from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $55.00 to $54.00 in a research note on Tuesday, August 5th. Wall Street Zen upgraded shares of International Paper from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, UBS Group began coverage on shares of International Paper in a research note on Wednesday, June 4th. They issued a "buy" rating and a $60.00 target price on the stock.

Institutional Investors Weigh In On International Paper

Several large investors have recently modified their holdings of the business. Stratos Wealth Partners LTD. boosted its holdings in shares of International Paper by 2.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 14,074 shares of the basic materials company's stock valued at $751,000 after buying an additional 282 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of International Paper by 2,343.9% in the 1st quarter. Spire Wealth Management now owns 1,613 shares of the basic materials company's stock valued at $86,000 after buying an additional 1,547 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of International Paper by 2.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,994 shares of the basic materials company's stock valued at $480,000 after buying an additional 231 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of International Paper by 37.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 22,378 shares of the basic materials company's stock valued at $1,194,000 after buying an additional 6,077 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of International Paper by 3.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,320 shares of the basic materials company's stock valued at $2,631,000 after buying an additional 1,680 shares in the last quarter. Institutional investors own 81.95% of the company's stock.

International Paper Trading Up 0.2%

Shares of NYSE:IP traded up $0.09 during trading on Monday, hitting $48.26. The company had a trading volume of 1,163,975 shares, compared to its average volume of 6,303,313. The stock has a market cap of $25.48 billion, a price-to-earnings ratio of -482.60, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05. International Paper has a one year low of $43.27 and a one year high of $60.36. The company has a fifty day simple moving average of $49.66 and a two-hundred day simple moving average of $49.45. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 0.96.

International Paper (NYSE:IP - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.18). The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.64 billion. International Paper had a negative net margin of 0.12% and a positive return on equity of 2.63%. International Paper's revenue for the quarter was up 42.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. As a group, equities analysts forecast that International Paper will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be issued a $0.4625 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.85 annualized dividend and a dividend yield of 3.8%. International Paper's payout ratio is currently -1,850.00%.

International Paper Company Profile

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.