Truist Financial Has Lowered Expectations for International Paper (NYSE:IP) Stock Price

International Paper (NYSE:IP - Get Free Report) had its price objective decreased by Truist Financial from $64.00 to $59.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. Truist Financial's price objective points to a potential upside of 26.45% from the company's previous close.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of International Paper in a research report on Thursday, March 20th. They set an "overweight" rating and a $59.00 price target for the company. Wells Fargo & Company lowered their price target on shares of International Paper from $52.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada reissued an "outperform" rating and issued a $64.00 target price on shares of International Paper in a research report on Wednesday, March 26th. Bank of America began coverage on International Paper in a research note on Thursday, February 13th. They set a "neutral" rating for the company. Finally, Citigroup initiated coverage on shares of International Paper in a research report on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, International Paper has an average rating of "Moderate Buy" and an average price target of $54.77.

International Paper Stock Up 3.6 %

Shares of NYSE IP traded up $1.60 during trading on Tuesday, hitting $46.66. The stock had a trading volume of 1,033,917 shares, compared to its average volume of 8,747,222. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. The firm has a fifty day moving average of $51.71 and a two-hundred day moving average of $53.62. International Paper has a 12 month low of $33.16 and a 12 month high of $60.36. The company has a market capitalization of $24.63 billion, a PE ratio of 29.72, a PEG ratio of 0.39 and a beta of 0.99.

International Paper (NYSE:IP - Get Free Report) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share 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%. As a group, equities research analysts forecast that International Paper will post 2.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. SPC Financial Inc. increased its holdings in shares of International Paper by 1.4% in the 4th quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company's stock worth $759,000 after buying an additional 200 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in International Paper by 5.7% during the fourth quarter. AlphaMark Advisors LLC now owns 3,814 shares of the basic materials company's stock worth $205,000 after purchasing an additional 204 shares during the last quarter. Inspire Advisors LLC boosted its holdings in shares of International Paper by 1.7% in the 4th quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company's stock worth $665,000 after purchasing an additional 204 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of International Paper by 14.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,601 shares of the basic materials company's stock valued at $86,000 after buying an additional 205 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in International Paper by 1.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company's stock worth $820,000 after buying an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 81.95% of the company's stock.

International Paper Company Profile

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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