International Paper Company (NYSE:IP) – Equities researchers at DA Davidson decreased their FY2018 earnings estimates for International Paper in a report released on Tuesday. DA Davidson analyst S. Chercover now expects that the basic materials company will earn $4.31 per share for the year, down from their prior forecast of $4.32.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $65.00 price target on shares of International Paper in a research note on Monday, October 23rd. Deutsche Bank reiterated a “hold” rating and issued a $56.00 price target (up from $54.00) on shares of International Paper in a research note on Monday, October 9th. Barclays increased their price target on shares of International Paper from $50.00 to $52.00 and gave the company an “underweight” rating in a research note on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of International Paper in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of International Paper from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $62.09.

Shares of International Paper (IP) traded down $0.04 during trading on Friday, reaching $61.54. 647,948 shares of the company’s stock traded hands, compared to its average volume of 2,824,500. The stock has a market capitalization of $25,430.00, a price-to-earnings ratio of 28.36, a P/E/G ratio of 1.46 and a beta of 1.47. International Paper has a one year low of $49.60 and a one year high of $61.88. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97.

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

Several hedge funds have recently bought and sold shares of the company. Lynch & Associates IN boosted its holdings in shares of International Paper by 2.6% in the fourth quarter. Lynch & Associates IN now owns 35,059 shares of the basic materials company’s stock valued at $2,031,000 after acquiring an additional 877 shares during the period. Neville Rodie & Shaw Inc. acquired a new stake in shares of International Paper during the fourth quarter worth $1,046,000. Atlantic Trust Group LLC lifted its holdings in shares of International Paper by 8.8% during the third quarter. Atlantic Trust Group LLC now owns 29,370 shares of the basic materials company’s stock worth $1,668,000 after purchasing an additional 2,379 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of International Paper by 0.8% during the third quarter. Parametric Portfolio Associates LLC now owns 1,888,438 shares of the basic materials company’s stock worth $107,301,000 after purchasing an additional 14,298 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of International Paper during the third quarter worth $946,000. 81.85% of the stock is owned by institutional investors and hedge funds.

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

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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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