International Paper (IP) Given “Outperform” Rating at Wells Fargo & Co

Wells Fargo & Co reissued their outperform rating on shares of International Paper (NYSE:IP) in a research report released on Monday, January 8th, The Fly reports. They currently have a $70.00 price target on the basic materials company’s stock, up from their previous price target of $65.00.

Several other equities research analysts have also commented on IP. Zacks Investment Research lowered International Paper from a hold rating to a sell rating in a research note on Tuesday, September 26th. Deutsche Bank reissued a hold rating and set a $56.00 price target (up previously from $54.00) on shares of International Paper in a research note on Monday, October 9th. KeyCorp reissued a hold rating on shares of International Paper in a research note on Thursday, October 12th. Royal Bank of Canada reaffirmed a buy rating and issued a $65.00 target price on shares of International Paper in a research note on Monday, October 23rd. Finally, Stephens assumed coverage on International Paper in a research note on Tuesday, October 24th. They issued an equal weight rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $63.25.

Shares of International Paper (IP) traded up $0.03 on Monday, reaching $62.26. The company’s stock had a trading volume of 2,226,500 shares, compared to its average volume of 2,217,200. International Paper has a 12 month low of $49.60 and a 12 month high of $62.44. The stock has a market cap of $25,710.00, a price-to-earnings ratio of 28.69, a PEG ratio of 1.46 and a beta of 1.47. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97.

International Paper (NYSE:IP) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.04. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.85 billion. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. equities analysts predict that International Paper will post 3.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st will be issued a $0.475 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $1.90 annualized dividend and a yield of 3.05%. International Paper’s dividend payout ratio (DPR) is presently 87.56%.

Institutional investors and hedge funds have recently modified their holdings of the business. AXA increased its holdings in shares of International Paper by 21.5% during the 2nd quarter. AXA now owns 49,703 shares of the basic materials company’s stock worth $2,814,000 after buying an additional 8,787 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of International Paper by 34.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,674 shares of the basic materials company’s stock worth $265,000 after buying an additional 1,188 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of International Paper by 43.0% during the 2nd quarter. Stephens Inc. AR now owns 58,784 shares of the basic materials company’s stock worth $3,328,000 after buying an additional 17,663 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of International Paper by 3.5% during the 2nd quarter. Raymond James Trust N.A. now owns 13,020 shares of the basic materials company’s stock worth $737,000 after buying an additional 435 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of International Paper by 29.7% during the 2nd quarter. Teachers Advisors LLC now owns 1,688,450 shares of the basic materials company’s stock worth $95,583,000 after buying an additional 386,744 shares during the last quarter. Institutional investors own 81.88% of the company’s stock.

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International Paper Company Profile

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

The Fly

Analyst Recommendations for International Paper (NYSE:IP)

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