International Paper (NYSE:IP) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, The Fly reports.
A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets restated a “buy” rating and set a $62.00 target price on shares of International Paper in a report on Friday, November 24th. ValuEngine cut International Paper from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Barclays raised their target price on International Paper from $50.00 to $52.00 and gave the stock an “underweight” rating in a report on Monday, October 30th. KeyCorp restated a “hold” rating on shares of International Paper in a report on Monday, October 30th. Finally, Credit Suisse Group raised their target price on International Paper from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.73.
International Paper (NYSE:IP) opened at $57.94 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 2.31. International Paper has a 1-year low of $49.60 and a 1-year high of $58.96. The stock has a market capitalization of $23,925.06, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.74 and a beta of 1.46.
Several large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in International Paper by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock valued at $107,000 after buying an additional 47 shares during the last quarter. Rational Advisors LLC acquired a new stake in International Paper in the 3rd quarter valued at approximately $108,000. Ffcm LLC raised its position in International Paper by 148.0% in the 2nd quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock valued at $119,000 after buying an additional 1,242 shares during the last quarter. Amica Retiree Medical Trust acquired a new stake in International Paper in the 3rd quarter valued at approximately $128,000. Finally, Krilogy Financial LLC raised its position in International Paper by 9.3% in the 2nd quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock valued at $140,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.
International Paper Company Profile
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.
