International Paper (NYSE:IP) Receives Consensus Rating of “Hold” from Analysts

Shares of International Paper (NYSE:IP) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $57.31.

A number of equities analysts have recently issued reports on IP shares. Citigroup reduced their target price on shares of International Paper from $59.00 to $53.00 in a research report on Tuesday, January 4th. UBS Group upped their target price on shares of International Paper from $47.00 to $52.00 and gave the stock a “sell” rating in a research report on Tuesday, September 28th. Truist Securities started coverage on shares of International Paper in a research report on Wednesday, October 13th. They set a “hold” rating and a $50.00 target price on the stock. Jefferies Financial Group lowered shares of International Paper from a “buy” rating to a “hold” rating and cut their price objective for the company from $80.00 to $55.00 in a report on Monday, November 1st. Finally, BMO Capital Markets restated a “buy” rating on shares of International Paper in a report on Friday, November 12th.

Institutional investors have recently modified their holdings of the business. D Orazio & Associates Inc. bought a new position in International Paper in the 3rd quarter valued at about $25,000. Strategic Blueprint LLC bought a new stake in shares of International Paper during the 2nd quarter valued at approximately $29,000. TCI Wealth Advisors Inc. grew its holdings in shares of International Paper by 211.3% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 467 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Activest Wealth Management bought a new stake in shares of International Paper during the 2nd quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. grew its holdings in shares of International Paper by 107.6% during the 3rd quarter. Lloyd Advisory Services LLC. now owns 492 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 255 shares during the last quarter. Institutional investors and hedge funds own 81.34% of the company’s stock.

NYSE IP opened at $49.50 on Friday. The stock has a market cap of $19.17 billion, a P/E ratio of 10.86 and a beta of 0.99. The company’s 50-day simple moving average is $47.39 and its 200 day simple moving average is $53.75. International Paper has a twelve month low of $43.87 and a twelve month high of $65.27. The company has a quick ratio of 1.67, a current ratio of 2.11 and a debt-to-equity ratio of 0.86.

International Paper (NYSE:IP) last issued its quarterly earnings data on Wednesday, October 27th. The basic materials company reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.11). The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.84 billion. International Paper had a return on equity of 18.42% and a net margin of 8.20%. International Paper’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. Research analysts anticipate that International Paper will post 4.07 earnings per share for the current year.

International Paper announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 12th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to buy up to 9.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 15th. Shareholders of record on Friday, February 18th will be paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, February 17th. International Paper’s dividend payout ratio (DPR) is 40.57%.

About International Paper

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

Recommended Story: Limitations of the P/E Growth ratio

Analyst Recommendations for International Paper (NYSE:IP)

Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.