International Paper Company (NYSE:IP)‘s stock had its “hold” rating reissued by research analysts at KeyCorp in a research report issued to clients and investors on Thursday.

The analysts wrote, “We don’t quite understand investors’ willingness to ignore what has happened and focus seemingly exclusively on what could happen.””

IP has been the subject of several other reports. Goldman Sachs Group, Inc. (The) upgraded shares of International Paper from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $64.00 in a report on Thursday, July 13th. Royal Bank Of Canada upgraded shares of International Paper from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $56.00 in a research note on Wednesday, April 19th. BidaskClub upgraded shares of International Paper from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Zacks Investment Research upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 price target (up from $65.00) on shares of International Paper in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $56.90.

Shares of International Paper (IP) traded up 1.95% during trading on Thursday, reaching $57.49. 2,731,121 shares of the company were exchanged. The stock has a 50-day moving average price of $56.58 and a 200-day moving average price of $53.64. The stock has a market capitalization of $23.74 billion, a PE ratio of 30.73 and a beta of 1.48. International Paper has a one year low of $43.55 and a one year high of $58.95.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.65 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. International Paper had a net margin of 3.63% and a return on equity of 30.44%. The business had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Analysts forecast that International Paper will post $3.60 EPS for the current year.

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Institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of International Paper by 3,397.1% in the first quarter. BlackRock Inc. now owns 37,182,708 shares of the basic materials company’s stock valued at $1,888,138,000 after buying an additional 36,119,474 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of International Paper by 29.5% in the first quarter. Wellington Management Group LLP now owns 36,352,239 shares of the basic materials company’s stock valued at $1,845,965,000 after buying an additional 8,273,552 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of International Paper by 2.5% in the first quarter. Vanguard Group Inc. now owns 28,881,442 shares of the basic materials company’s stock valued at $1,466,599,000 after buying an additional 694,637 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of International Paper by 62.9% in the first quarter. Bank of New York Mellon Corp now owns 6,389,395 shares of the basic materials company’s stock valued at $324,455,000 after buying an additional 2,466,074 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of International Paper by 3.8% in the first quarter. Clearbridge Investments LLC now owns 6,372,069 shares of the basic materials company’s stock valued at $323,574,000 after buying an additional 230,750 shares during the last quarter. 83.08% of the stock is currently owned by institutional investors and hedge funds.

International Paper Company Profile

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

Analyst Recommendations for International Paper (NYSE:IP)

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