International Paper (NYSE:IP) had its price target upped by stock analysts at DA Davidson to $74.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has a “buy” rating on the basic materials company’s stock. DA Davidson’s price target would indicate a potential upside of 19.03% from the company’s current price. DA Davidson also issued estimates for International Paper’s Q1 2018 earnings at $0.89 EPS, Q3 2018 earnings at $1.31 EPS and FY2019 earnings at $5.14 EPS.
A number of other research firms have also recently weighed in on IP. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a report on Tuesday, January 2nd. Stephens set a $66.00 price target on International Paper and gave the stock a “hold” rating in a report on Wednesday, January 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $62.00 price target on shares of International Paper in a report on Friday, November 24th. Zacks Investment Research upgraded International Paper from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $65.00 price objective on shares of International Paper in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $65.25.
International Paper (IP) traded up $0.50 during midday trading on Friday, reaching $62.17. The company had a trading volume of 4,197,376 shares, compared to its average volume of 2,300,000. The firm has a market cap of $25,670.00, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.40 and a beta of 1.50. International Paper has a 12 month low of $49.60 and a 12 month high of $66.94. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 1.75.
Large investors have recently bought and sold shares of the business. American Century Companies Inc. grew its position in shares of International Paper by 73.8% in the fourth quarter. American Century Companies Inc. now owns 729,947 shares of the basic materials company’s stock valued at $42,293,000 after purchasing an additional 310,015 shares in the last quarter. Columbus Macro LLC purchased a new stake in shares of International Paper in the fourth quarter valued at approximately $617,000. Public Employees Retirement Association of Colorado grew its position in shares of International Paper by 3.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 74,759 shares of the basic materials company’s stock valued at $4,332,000 after purchasing an additional 2,626 shares in the last quarter. Van Cleef Asset Management Inc purchased a new stake in shares of International Paper in the fourth quarter valued at approximately $406,000. Finally, Hall Capital Management Co. Inc. grew its position in shares of International Paper by 3.6% in the fourth quarter. Hall Capital Management Co. Inc. now owns 28,285 shares of the basic materials company’s stock valued at $1,639,000 after purchasing an additional 972 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.
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.
