International Paper Company (NYSE:IP) – Investment analysts at KeyCorp upped their FY2018 earnings per share (EPS) estimates for shares of International Paper in a report issued on Tuesday. KeyCorp analyst A. Josephson now expects that the basic materials company will post earnings of $4.12 per share for the year, up from their prior estimate of $3.72. KeyCorp currently has a “Hold” rating on the stock.

Several other research firms also recently issued reports on IP. Credit Suisse Group lifted their price objective on International Paper from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. ValuEngine downgraded International Paper from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Royal Bank of Canada restated a “buy” rating and set a $65.00 price objective on shares of International Paper in a report on Monday, October 23rd. Deutsche Bank restated a “hold” rating and set a $56.00 price objective (up from $54.00) on shares of International Paper in a report on Monday, October 9th. Finally, BMO Capital Markets restated a “buy” rating and set a $62.00 price objective on shares of International Paper in a report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. International Paper has a consensus rating of “Hold” and an average price target of $62.09.

International Paper (IP) traded down $0.04 during trading on Friday, reaching $61.54. The company had a trading volume of 647,948 shares, compared to its average volume of 2,824,500. The firm has a market cap of $25,430.00, a price-to-earnings ratio of 28.36, a PEG ratio of 1.46 and a beta of 1.47. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31. International Paper has a 12-month low of $49.60 and a 12-month high of $61.88.

International Paper (NYSE:IP) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.04 by $0.04. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.85 billion. International Paper had a return on equity of 27.56% and a net margin of 4.00%. International Paper’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.09%. This is an increase from International Paper’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Tuesday, November 14th. International Paper’s payout ratio is 87.56%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Lynch & Associates IN grew its stake in International Paper by 2.6% during the 4th quarter. Lynch & Associates IN now owns 35,059 shares of the basic materials company’s stock worth $2,031,000 after buying an additional 877 shares during the last quarter. Neville Rodie & Shaw Inc. bought a new position in International Paper during the 4th quarter worth $1,046,000. Atlantic Trust Group LLC grew its stake in International Paper by 8.8% during the 3rd quarter. Atlantic Trust Group LLC now owns 29,370 shares of the basic materials company’s stock worth $1,668,000 after buying an additional 2,379 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in International Paper by 0.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,888,438 shares of the basic materials company’s stock worth $107,301,000 after buying an additional 14,298 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in International Paper during the 3rd quarter worth $946,000. Institutional investors and hedge funds own 81.85% of the company’s stock.

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About International Paper

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.

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