International Paper Company SVP Timothy S. Nicholls Unloads 20,000 Shares (IP)
International Paper Company (NYSE:IP) SVP Timothy S. Nicholls unloaded 20,000 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $48.84, for a total value of $976,800.00. Following the completion of the transaction, the senior vice president now directly owns 213,306 shares of the company’s stock, valued at approximately $10,417,865. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on IP shares. 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. International Paper Company currently has a consensus rating of “Hold” and a consensus target price of $50.40.
Shares of International Paper Company (NYSE:IP) traded up 1.24% on Wednesday, hitting $49.06. 3,803,290 shares of the company’s stock traded hands. 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 $48.19 and its 200-day moving average is $47.09. The company has a market cap of $20.950 billion and a price-to-earnings ratio of 24.34.
International Paper Company (NYSE:IP) last released its earnings data on Tuesday, July 29th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts expect that International Paper Company will post $3.56 EPS 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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