ValuEngine Lowers International Paper (IP) to Sell
ValuEngine cut shares of International Paper (NYSE:IP) from a hold rating to a sell rating in a report published on Tuesday morning.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of International Paper from a sell rating to a buy rating and set a $58.00 target price on the stock in a report on Monday, April 9th. Bank of America raised their target price on shares of International Paper from $66.00 to $70.00 and gave the company a buy rating in a report on Thursday, February 1st. Wells Fargo & Co cut shares of International Paper from an outperform rating to a market perform rating and set a $60.00 target price on the stock. in a report on Wednesday, March 7th. Barclays raised their target price on shares of International Paper from $52.00 to $55.00 and gave the company an underweight rating in a report on Monday, February 12th. Finally, DA Davidson raised their target price on shares of International Paper to $74.00 and gave the company a buy rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. International Paper presently has a consensus rating of Hold and a consensus target price of $62.85.
Shares of IP opened at $53.50 on Tuesday. The stock has a market cap of $21.92 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.52. International Paper has a 1 year low of $50.00 and a 1 year high of $66.94. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.17 and a current ratio of 1.63.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, May 25th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $1.90 annualized dividend and a yield of 3.55%. International Paper’s dividend payout ratio is currently 54.44%.
A number of institutional investors have recently made changes to their positions in IP. Calton & Associates Inc. purchased a new position in International Paper in the fourth quarter valued at approximately $106,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in International Paper in the fourth quarter valued at approximately $112,000. Wagner Wealth Management LLC purchased a new position in International Paper in the fourth quarter valued at approximately $112,000. Private Capital Group LLC grew its position in shares of International Paper by 227.0% during the first quarter. Private Capital Group LLC now owns 2,093 shares of the basic materials company’s stock worth $112,000 after acquiring an additional 1,453 shares during the last quarter. Finally, Silvant Capital Management LLC purchased a new position in shares of International Paper during the first quarter worth approximately $119,000. Institutional investors own 81.74% of the company’s stock.
International Paper Company Profile
International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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