Truist Financial Issues Positive Forecast for International Paper (NYSE:IP) Stock Price

International Paper (NYSE:IP) had its target price raised by Truist Financial from $40.00 to $46.00 in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Several other brokerages have also commented on IP. Citigroup boosted their price target on shares of International Paper from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. UBS Group lowered their price objective on International Paper from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company lifted their price target on International Paper from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. BNP Paribas Exane dropped their price target on International Paper from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. increased their price objective on International Paper from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.06.

International Paper Price Performance

NYSE:IP opened at $36.81 on Wednesday. The stock has a market capitalization of $19.49 billion, a PE ratio of -5.79 and a beta of 0.94. The stock’s 50-day moving average price is $34.86 and its 200-day moving average price is $38.06. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. International Paper has a 52 week low of $29.26 and a 52 week high of $56.13.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.02 billion. International Paper had a negative net margin of 13.42% and a negative return on equity of 0.49%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 earnings per share. As a group, equities analysts expect that International Paper will post 1.38 EPS for the current fiscal year.

International Paper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, August 14th. International Paper’s payout ratio is presently -29.09%.

Insider Buying and Selling

In other International Paper news, Director Scott Tozier purchased 10,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $31.30 per share, with a total value of $313,000.00. Following the purchase, the director directly owned 10,025 shares in the company, valued at approximately $313,782.50. This trade represents a 40,000.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of International Paper

Several institutional investors have recently added to or reduced their stakes in IP. Dynamic Technology Lab Private Ltd acquired a new position in shares of International Paper in the first quarter valued at approximately $249,000. Intech Investment Management LLC raised its position in International Paper by 100.5% in the 1st quarter. Intech Investment Management LLC now owns 32,025 shares of the basic materials company’s stock valued at $1,709,000 after purchasing an additional 16,055 shares in the last quarter. Cresset Asset Management LLC raised its position in International Paper by 20.8% in the 2nd quarter. Cresset Asset Management LLC now owns 17,345 shares of the basic materials company’s stock valued at $812,000 after purchasing an additional 2,981 shares in the last quarter. Jump Financial LLC boosted its stake in shares of International Paper by 280.9% in the 2nd quarter. Jump Financial LLC now owns 38,092 shares of the basic materials company’s stock valued at $1,784,000 after buying an additional 28,092 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of International Paper by 8.0% in the 2nd quarter. Cerity Partners LLC now owns 33,749 shares of the basic materials company’s stock valued at $1,580,000 after buying an additional 2,493 shares during the period. Institutional investors and hedge funds own 81.95% of the company’s stock.

Key Headlines Impacting International Paper

Here are the key news stories impacting International Paper this week:

• Positive Sentiment: Truist Financial raised its price target on International Paper to $46 from $40 and reiterated a Buy rating, signaling confidence in further upside for International Paper (IP). Truist Financial Keeps Their Buy Rating on International Paper Co (IP)
• Positive Sentiment: International Paper (IP) declared a quarterly dividend of $0.4625 per share on common stock, implying a roughly 5% annualized yield and reinforcing the company’s commitment to returning cash to shareholders. International Paper Declares Quarterly Dividend
• Positive Sentiment: Zacks Research upgraded International Paper (IP) from Strong Sell to Hold, a modestly better view that may ease some bearish pressure. International Paper upgraded by Zacks Research
• Neutral Sentiment: Zacks Research slightly raised near-term earnings estimates for International Paper (IP) for Q4 2026 and Q1 2027, while trimming estimates for Q3 2027; the revisions suggest only small changes to the company’s outlook rather than a major fundamental shift.
• Negative Sentiment: Bank of America downgraded International Paper (IP) from Buy to Neutral, which may have weighed on sentiment even though the firm still sees some upside via its price target. International Paper Shares Slip After BofA Downgrades Stock to Neutral (IP)
• Negative Sentiment: Zacks Research also lowered some future earnings estimates for International Paper (IP), including Q3 2027, which could signal softer profit expectations ahead.

International Paper Company Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.