International Paper (NYSE:IP) Receives $54.86 Average PT from Brokerages

International Paper (NYSE:IP - Get Free Report) has received an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $54.86.

IP has been the topic of several research reports. BNP Paribas lowered International Paper from a "neutral" rating to an "underperform" rating and set a $48.20 target price on the stock. in a research note on Wednesday, November 13th. Citigroup initiated coverage on shares of International Paper in a report on Wednesday, March 5th. They set a "buy" rating and a $60.00 target price on the stock. Bank of America began coverage on shares of International Paper in a research note on Thursday, February 13th. They issued a "neutral" rating for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $64.00 price objective on shares of International Paper in a research note on Friday, January 31st. Finally, Truist Financial reiterated a "buy" rating and issued a $64.00 target price (down from $65.00) on shares of International Paper in a report on Friday, January 31st.

International Paper Stock Up 2.5 %

Shares of NYSE:IP opened at $50.60 on Monday. International Paper has a 52-week low of $33.16 and a 52-week high of $60.36. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average of $55.26 and a two-hundred day moving average of $53.30. The stock has a market cap of $26.62 billion, a P/E ratio of 32.23, a PEG ratio of 0.39 and a beta of 1.02.

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International Paper (NYSE:IP - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. On average, research analysts expect that International Paper will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Monday, February 24th. International Paper's dividend payout ratio is currently 117.83%.

Institutional Investors Weigh In On International Paper

A number of institutional investors have recently added to or reduced their stakes in IP. Pacer Advisors Inc. lifted its holdings in shares of International Paper by 28.7% during the 4th quarter. Pacer Advisors Inc. now owns 33,330 shares of the basic materials company's stock valued at $1,794,000 after acquiring an additional 7,424 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of International Paper during the third quarter worth about $24,327,000. Aptus Capital Advisors LLC boosted its position in shares of International Paper by 15.1% in the third quarter. Aptus Capital Advisors LLC now owns 5,972 shares of the basic materials company's stock worth $292,000 after buying an additional 785 shares during the period. Wedmont Private Capital acquired a new stake in shares of International Paper in the fourth quarter valued at about $376,000. Finally, Curi RMB Capital LLC purchased a new stake in shares of International Paper during the 3rd quarter valued at about $4,870,000. Hedge funds and other institutional investors own 81.95% of the company's stock.

About International Paper

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.

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