International Paper (NYSE:IP - Get Free Report) Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $37.78, for a total value of $22,668.00. Following the transaction, the director now directly owns 41,188 shares in the company, valued at approximately $1,556,082.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
International Paper Trading Down 2.4 %
NYSE:IP opened at $35.91 on Wednesday. The business's 50-day moving average is $36.70 and its two-hundred day moving average is $35.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.67 and a quick ratio of 1.19. International Paper has a 12 month low of $29.00 and a 12 month high of $41.28. The firm has a market capitalization of $12.47 billion, a PE ratio of 43.79 and a beta of 0.99.
International Paper (NYSE:IP - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. International Paper had a return on equity of 8.87% and a net margin of 1.52%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same period last year, the company posted $0.87 earnings per share. The firm's revenue was down 10.4% compared to the same quarter last year. Research analysts predict that International Paper will post 1.88 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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Several hedge funds have recently added to or reduced their stakes in IP. Manchester Capital Management LLC acquired a new stake in shares of International Paper during the third quarter valued at about $25,000. Jones Financial Companies Lllp boosted its stake in International Paper by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 703 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 475 shares during the period. CVA Family Office LLC acquired a new position in International Paper in the fourth quarter valued at approximately $27,000. MCF Advisors LLC boosted its holdings in shares of International Paper by 1,094.7% during the first quarter. MCF Advisors LLC now owns 681 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 624 shares during the period. Finally, Resurgent Financial Advisors LLC bought a new position in shares of International Paper during the fourth quarter worth about $27,000. 81.95% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on IP. Citigroup raised International Paper from a "neutral" rating to a "buy" rating and increased their price target for the stock from $36.00 to $46.00 in a research note on Wednesday, March 20th. Argus lowered International Paper from a "buy" rating to a "hold" rating in a research report on Monday, February 26th. Truist Financial reaffirmed a "buy" rating and issued a $40.00 target price on shares of International Paper in a research report on Wednesday, March 20th. Wells Fargo & Company cut their target price on International Paper from $39.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $43.00 target price on shares of International Paper in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $37.13.
Get Our Latest Stock Analysis on International Paper
International Paper Company Profile
(
Get Free Report)
International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.
Further Reading
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