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.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, April 26th. The basic materials company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.05. The business had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $5.48 billion. International Paper had a net margin of 11.57% and a return on equity of 28.21%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. analysts predict that International Paper will post 5 EPS for the current year.

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.

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Analyst Recommendations for International Paper (NYSE:IP)

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