International Paper Company Stock Rating Reaffirmed by S&P Equity Research (IP)
A number of other analysts have also recently weighed in on IP. Analysts at Credit Suisse reiterated an “outperform” rating on shares of International Paper Company in a research note on Wednesday, July 2nd. They now have a $69.00 price target on the stock, down previously from $70.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of International Paper Company in a research note on Monday, May 5th. They now have a $53.00 price target on the stock, down previously from $54.00. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $56.22.
In other International Paper Company news, CEO John V. Faraci unloaded 30,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $50.83, for a total transaction of $1,524,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
International Paper Company (NYSE:IP) traded down 1.20% on Monday, hitting $49.45. The stock had a trading volume of 3,519,554 shares. International Paper Company has a 52 week low of $42.3274 and a 52 week high of $50.98. The stock’s 50-day moving average is $47.46 and its 200-day moving average is $46.80. The company has a market cap of $21.421 billion and a price-to-earnings ratio of 22.65.
International Paper Company (NYSE:IP) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.06. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the company posted $0.65 earnings per share. International Paper Company’s revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that International Paper Company will post $3.56 earnings per share for the current fiscal year.
International Paper Company (NYSE:IP) is a global paper and packaging company, with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.
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