International Paper (NYSE:IP) Receives $54.77 Consensus PT from Analysts

Shares of International Paper (NYSE:IP - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $54.77.

A number of research firms recently commented on IP. Royal Bank of Canada reiterated an "outperform" rating and issued a $64.00 target price on shares of International Paper in a research note on Wednesday, March 26th. Citigroup began coverage on shares of International Paper in a report on Wednesday, March 5th. They set a "buy" rating and a $60.00 price objective on the stock. Wells Fargo & Company reduced their target price on International Paper from $52.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Truist Financial dropped their price target on International Paper from $64.00 to $59.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Bank of America initiated coverage on shares of International Paper in a research report on Thursday, February 13th. They set a "neutral" rating for the company.

Hedge Funds Weigh In On International Paper

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Securian Asset Management Inc. raised its position in shares of International Paper by 49.3% during the 1st quarter. Securian Asset Management Inc. now owns 27,875 shares of the basic materials company's stock worth $1,487,000 after purchasing an additional 9,205 shares during the last quarter. LRI Investments LLC increased its stake in International Paper by 6.6% during the 1st quarter. LRI Investments LLC now owns 7,287 shares of the basic materials company's stock worth $389,000 after buying an additional 451 shares in the last quarter. CWM LLC raised its holdings in shares of International Paper by 2.6% during the first quarter. CWM LLC now owns 20,890 shares of the basic materials company's stock valued at $1,114,000 after acquiring an additional 522 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of International Paper by 51.9% in the first quarter. Louisiana State Employees Retirement System now owns 28,400 shares of the basic materials company's stock valued at $1,515,000 after acquiring an additional 9,700 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of International Paper by 47.3% in the first quarter. Mutual of America Capital Management LLC now owns 61,305 shares of the basic materials company's stock worth $3,271,000 after acquiring an additional 19,692 shares during the last quarter. 81.95% of the stock is owned by hedge funds and other institutional investors.

International Paper Stock Down 3.8 %

NYSE IP traded down $1.75 on Tuesday, hitting $43.93. The stock had a trading volume of 6,193,802 shares, compared to its average volume of 8,416,324. The business's fifty day moving average price is $50.40 and its 200 day moving average price is $53.52. The stock has a market cap of $23.19 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 0.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. International Paper has a 52-week low of $35.13 and a 52-week high of $60.36.

International Paper (NYSE:IP - Get Free Report) last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.12). The business had revenue of $5.90 billion for the quarter, compared to analysts' expectations of $6.38 billion. International Paper had a return on equity of 4.75% and a net margin of 2.99%. The firm's quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. Equities research analysts anticipate that International Paper will post 2.77 earnings per share for the current 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.