International Paper (IP) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for International Paper in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" IP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IP, but not buy additional shares or sell existing shares.
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9 brokerages have issued twelve-month target prices for International Paper's shares. Their IP share price forecasts range from $27.00 to $50.00. On average, they expect the company's stock price to reach $37.70 in the next year. This suggests a possible upside of 10.7% from the stock's current price.
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International Paper's stock was trading at $34.63 at the beginning of 2023. Since then, IP stock has decreased by 1.6% and is now trading at $34.07.
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International Paper saw a decline in short interest in August. As of August 31st, there was short interest totaling 7,840,000 shares, a decline of 6.1% from the August 15th total of 8,350,000 shares. Based on an average daily trading volume, of 3,030,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.3% of the shares of the stock are sold short.
View International Paper's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our IP earnings forecast.

International Paper (NYSE:IP) announced its quarterly earnings data on Thursday, July, 27th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.17. The basic materials company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.90 billion. International Paper had a trailing twelve-month return on equity of 12.22% and a net margin of 5.14%. The firm's revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share.
Read the conference call transcript.

International Paper declared a quarterly dividend on Tuesday, July 11th. Investors of record on Tuesday, August 15th will be given a dividend of $0.4625 per share on Friday, September 15th. This represents a $1.85 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Monday, August 14th.
Read our dividend analysis for IP.

ETFs with the largest weight of International Paper (NYSE:IP) stock in their portfolio include iShares Global Timber & Forestry ETF (WOOD), Invesco MSCI Global Timber ETF (CUT), First Trust Materials AlphaDEX Fund (FXZ), WBI Power Factor High Dividend ETF (WBIY), Invesco S&P 500 Equal Weight Materials ETF (RSPM), Invesco S&P 500 Equal Weight Materials ETF (RTM), iShares Emergent Food and AgTech Multisector ETF (IVEG) and Invesco S&P Ultra Dividend Revenue ETF (RDIV).

International Paper (NYSE:IP) pays an annual dividend of $1.85 per share and currently has a dividend yield of 5.42%. IP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 63.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, IP will have a dividend payout ratio of 98.40% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for IP.

International Paper declared that its Board of Directors has approved a stock buyback plan on Tuesday, October 12th 2021, which authorizes the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 9.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

305 employees have rated International Paper Chief Executive Officer Mark S. Sutton on Glassdoor.com. Mark S. Sutton has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other International Paper investors own include AT&T (T), Pfizer (PFE), Cisco Systems (CSCO), Intel (INTC), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM), CVS Health (CVS), JPMorgan Chase & Co. (JPM) and AbbVie (ABBV).

International Paper trades on the New York Stock Exchange (NYSE) under the ticker symbol "IP."

International Paper's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (10.56%), State Street Corp (6.76%), Greenhaven Associates Inc. (2.63%), Franklin Resources Inc. (2.52%), Charles Schwab Investment Management Inc. (2.25%) and Geode Capital Management LLC (2.14%). Insiders that own company stock include Aimee K Gregg, Allison B Magness, Clinton A Jr Lewis, Gregory T Wanta, Holly G Goughnour, Jeanmichel Ribieras, John V Sims, Joseph R Saab, Mark S Sutton, Paper Co /New/ International, Sharon R Ryan, Thomas J Plath, Timothy S Nicholls, W Michael Jr Amick and William Thomas Hamic.
View institutional ownership trends.

Shares of IP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IP stock can currently be purchased for approximately $34.07.

International Paper (NYSE:IP) has a market capitalization of $11.79 billion and generates $21.16 billion in revenue each year. The basic materials company earns $1.50 billion in net income (profit) each year or $2.91 on an earnings per share basis.

The company employs 39,000 workers across the globe.

International Paper's mailing address is 6400 POPLAR AVENUE, MEMPHIS TN, 38197. The official website for the company is www.internationalpaper.com. The basic materials company can be reached via phone at (901) 419-9000, via email at shrrelations@mellon-investor.com, or via fax at 901-214-9682.