International Paper Company Given Average Rating of “Hold” by Brokerages (NYSE:IP)
International Paper Company (NYSE:IP) has received an average rating of “Hold” from the fifteen brokerages that are currently covering the company, Analyst Ratings Network reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $50.40.
International Paper Company (NYSE:IP) opened at 47.12 on Tuesday. International Paper Company has a 52-week low of $42.3274 and a 52-week high of $51.98. The stock’s 50-day moving average is $48.48 and its 200-day moving average is $47.05. The company has a market cap of $20.121 billion and a price-to-earnings ratio of 23.92.
International Paper Company (NYSE:IP) last released its earnings data on Tuesday, July 29th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.14. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter last year, the company posted $0.57 earnings per share. International Paper Company’s revenue was down 1.7% compared to the same quarter last year. Analysts expect that International Paper Company will post $3.56 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Macquarie reiterated a “neutral” rating on shares of International Paper Company in a research note on Wednesday, July 30th. They now have a $52.00 price target on the stock, down previously from $54.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of International Paper Company in a research note on Wednesday, July 30th. They now have a $51.00 price target on the stock. Finally, analysts at Credit Agricole downgraded shares of International Paper Company from an “outperform” rating to an “underperform” rating in a research note on Wednesday, July 30th.
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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