International Paper (IP) PT Raised to $55.00 at Barclays

International Paper (NYSE:IP) had its price target increased by analysts at Barclays from $52.00 to $55.00 in a note issued to investors on Monday. The brokerage currently has an “underweight” rating on the basic materials company’s stock. Barclays’ price objective would suggest a potential downside of 5.42% from the company’s previous close.

A number of other brokerages have also recently commented on IP. KeyCorp reiterated a “hold” rating on shares of International Paper in a research report on Tuesday, January 2nd. DA Davidson increased their price target on shares of International Paper to $74.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Stephens set a $66.00 price target on shares of International Paper and gave the company a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets reiterated a “buy” rating and set a $62.00 price target on shares of International Paper in a research report on Friday, November 24th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $65.00 price target on shares of International Paper in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.00.

Shares of International Paper (NYSE:IP) traded up $0.95 during midday trading on Monday, reaching $58.15. 1,949,061 shares of the company’s stock were exchanged, compared to its average volume of 2,805,776. International Paper has a twelve month low of $49.60 and a twelve month high of $66.94. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.62 and a quick ratio of 1.17. The company has a market capitalization of $23,619.49, a PE ratio of 11.25, a P/E/G ratio of 1.25 and a beta of 1.49.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.08. International Paper had a net margin of 9.36% and a return on equity of 29.53%. The business had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $6.01 billion. During the same period last year, the business earned $0.67 earnings per share. The business’s quarterly revenue was up 14.2% on a year-over-year basis. sell-side analysts forecast that International Paper will post 4.8 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. State of Tennessee Treasury Department grew its holdings in shares of International Paper by 61.8% in the fourth quarter. State of Tennessee Treasury Department now owns 181,814 shares of the basic materials company’s stock worth $10,535,000 after purchasing an additional 69,464 shares during the last quarter. Vantage Financial Partners Ltd. Inc. grew its holdings in shares of International Paper by 17.1% in the fourth quarter. Vantage Financial Partners Ltd. Inc. now owns 14,400 shares of the basic materials company’s stock worth $836,000 after purchasing an additional 2,100 shares during the last quarter. Honeywell International Inc. grew its holdings in shares of International Paper by 12.1% in the fourth quarter. Honeywell International Inc. now owns 372,900 shares of the basic materials company’s stock worth $21,606,000 after purchasing an additional 40,300 shares during the last quarter. Timber Hill LLC bought a new position in shares of International Paper in the fourth quarter worth approximately $233,000. Finally, AI Financial Services LLC bought a new position in shares of International Paper in the fourth quarter worth approximately $3,118,000. Hedge funds and other institutional investors own 81.38% 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.

Analyst Recommendations for International Paper (NYSE:IP)

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