Analysts Set International Paper Company (NYSE:IP) Target Price at $44.31

International Paper Company (NYSE:IP) has earned an average rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $44.3083.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on International Paper from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. UBS Group reduced their price objective on shares of International Paper from $40.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Weiss Ratings cut shares of International Paper from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, April 27th. Truist Financial upped their target price on shares of International Paper from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada increased their price target on shares of International Paper from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, July 17th.

Insider Buying and Selling

In other International Paper news, Director Scott Tozier purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $31.30 per share, for a total transaction of $313,000.00. Following the completion of the transaction, the director owned 10,025 shares of the company’s stock, valued at approximately $313,782.50. The trade was a 40,000.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On International Paper

Institutional investors have recently bought and sold shares of the stock. Tema ETFs LLC raised its holdings in International Paper by 10.4% in the 2nd quarter. Tema ETFs LLC now owns 10,777 shares of the basic materials company’s stock worth $411,000 after purchasing an additional 1,015 shares during the period. LVM Capital Management Ltd. MI purchased a new stake in International Paper in the second quarter worth about $612,000. Wealth Science Advisors LLC purchased a new stake in International Paper in the second quarter worth about $200,000. GoalVest Advisory LLC raised its stake in shares of International Paper by 6.9% in the second quarter. GoalVest Advisory LLC now owns 30,044 shares of the basic materials company’s stock worth $1,145,000 after buying an additional 1,948 shares during the period. Finally, Valeo Financial Advisors LLC lifted its position in shares of International Paper by 10.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 16,612 shares of the basic materials company’s stock valued at $633,000 after buying an additional 1,630 shares in the last quarter. 81.95% of the stock is owned by institutional investors.

International Paper Stock Performance

International Paper stock opened at $42.21 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $22.35 billion, a P/E ratio of -6.64 and a beta of 0.94. The stock’s 50 day moving average is $35.68 and its 200 day moving average is $37.99. International Paper has a twelve month low of $29.26 and a twelve month high of $56.13.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). International Paper had a negative net margin of 13.42% and a negative return on equity of 0.49%. The company had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that International Paper will post 1.39 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, August 14th. International Paper’s dividend payout ratio is presently -29.09%.

About International Paper

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.