Analysts Set International Paper (NYSE:IP) PT at $51.99

International Paper (NYSE:IP - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $51.99.

IP has been the topic of a number of recent analyst reports. BNP Paribas downgraded International Paper from a "neutral" rating to an "underperform" rating and set a $48.20 price objective on the stock. in a research note on Wednesday, November 13th. Royal Bank of Canada boosted their price target on International Paper from $56.00 to $64.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Truist Financial increased their price target on International Paper from $61.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, January 6th.

International Paper Price Performance

NYSE:IP traded up $0.68 on Friday, hitting $56.94. The company had a trading volume of 4,816,206 shares, compared to its average volume of 2,569,151. The firm has a 50 day moving average of $56.01 and a two-hundred day moving average of $50.69. The stock has a market capitalization of $19.78 billion, a price-to-earnings ratio of 48.67 and a beta of 1.03. International Paper has a 52 week low of $32.70 and a 52 week high of $60.36. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62.

International Paper (NYSE:IP - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.20. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.70 billion. International Paper had a return on equity of 6.49% and a net margin of 2.25%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.64 earnings per share. On average, research analysts anticipate that International Paper will post 1.18 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Kathryn D. Sullivan sold 600 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $56.19, for a total transaction of $33,714.00. Following the transaction, the director now directly owns 37,745 shares of the company's stock, valued at approximately $2,120,891.55. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 1,800 shares of company stock valued at $100,848. Company insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IP. Brooklyn Investment Group bought a new position in shares of International Paper during the 3rd quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new position in shares of International Paper during the 3rd quarter valued at $28,000. Ashton Thomas Securities LLC bought a new position in shares of International Paper in the third quarter worth about $28,000. Versant Capital Management Inc grew its holdings in International Paper by 313.3% during the 4th quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company's stock valued at $32,000 after buying an additional 448 shares in the last quarter. Finally, City State Bank grew its position in shares of International Paper by 107.7% during the fourth quarter. City State Bank now owns 675 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 350 shares in the last quarter. 81.95% of the stock is owned by hedge funds and other institutional investors.

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.