International Paper Company (NYSE:IP)‘s stock had its “buy” rating reissued by Royal Bank Of Canada in a research report issued on Monday. They currently have a $65.00 price target on the basic materials company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 11.59% from the stock’s previous close.

Several other research analysts also recently commented on the company. Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Tuesday, July 11th. DA Davidson raised International Paper from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $53.75 to $62.00 in a research note on Monday, August 14th. BidaskClub downgraded International Paper from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $56.00 price objective (up previously from $54.00) on shares of International Paper in a research note on Monday, October 9th. Finally, KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research note on Thursday, July 27th. One equities research 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. International Paper presently has a consensus rating of “Hold” and an average price target of $61.22.

International Paper (IP) traded up 0.07% on Monday, reaching $58.25. The company’s stock had a trading volume of 1,253,598 shares. The stock has a 50-day moving average of $56.76 and a 200-day moving average of $54.82. International Paper has a one year low of $43.55 and a one year high of $58.95. The stock has a market cap of $24.05 billion, a P/E ratio of 29.58 and a beta of 1.46.

International Paper (NYSE:IP) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. International Paper had a return on equity of 27.09% and a net margin of 3.73%. The company had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. International Paper’s revenue was up 8.5% on a year-over-year basis. On average, analysts predict that International Paper will post $3.47 EPS for the current fiscal year.

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In related news, insider Gregory T. Wanta sold 1,044 shares of International Paper stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $55.22, for a total transaction of $57,649.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.63% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IP. FNY Partners Fund LP grew its holdings in International Paper by 166.7% during the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after buying an additional 1,250 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in International Paper by 2.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock valued at $107,000 after buying an additional 47 shares in the last quarter. Ffcm LLC grew its holdings in International Paper by 148.0% during the 2nd quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock valued at $119,000 after buying an additional 1,242 shares in the last quarter. Asset Advisors Corp grew its holdings in International Paper by 3.6% during the 2nd quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock valued at $136,000 after buying an additional 84 shares in the last quarter. Finally, Krilogy Financial LLC grew its holdings in International Paper by 9.3% during the 2nd quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock valued at $140,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 83.00% of the company’s stock.

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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