International Paper’s (IP) Buy Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC restated their buy rating on shares of International Paper Co (NYSE:IP) in a report released on Friday morning. They currently have a $66.00 target price on the basic materials company’s stock, up from their prior target price of $65.00.

IP has been the subject of several other reports. Zacks Investment Research upgraded shares of International Paper from a hold rating to a buy rating and set a $64.00 target price for the company in a report on Tuesday, July 11th. Barclays PLC lifted their target price on shares of International Paper from $45.00 to $48.00 and gave the company an underweight rating in a report on Monday, May 1st. Royal Bank Of Canada upgraded shares of International Paper from a sector perform rating to an outperform rating and lifted their target price for the company from $50.00 to $56.00 in a report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) upgraded shares of International Paper from a neutral rating to a buy rating and lifted their target price for the company from $60.00 to $64.00 in a report on Thursday. Finally, Citigroup Inc. reiterated a neutral rating on shares of International Paper in a report on Saturday, April 22nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. International Paper currently has a consensus rating of Hold and a consensus target price of $56.90.

Shares of International Paper (NYSE IP) traded up 0.03% during mid-day trading on Friday, reaching $58.17. The company’s stock had a trading volume of 1,618,468 shares. The company has a market cap of $24.02 billion, a P/E ratio of 31.09 and a beta of 1.48. International Paper has a 12 month low of $43.55 and a 12 month high of $58.95. The company has a 50-day moving average of $54.19 and a 200-day moving average of $53.16.

International Paper (NYSE:IP) last released its earnings results on Thursday, April 27th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. International Paper had a net margin of 2.92% and a return on equity of 18.80%. The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the business earned $0.80 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that International Paper will post $3.62 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/07/18/international-papers-ip-buy-rating-reaffirmed-at-jefferies-group-llc.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Friday, August 11th. International Paper’s dividend payout ratio (DPR) is presently 98.40%.

Large investors have recently bought and sold shares of the company. Dixon Hubard Feinour & Brown Inc. VA increased its stake in International Paper by 2.8% in the second quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 43,491 shares of the basic materials company’s stock worth $2,462,000 after buying an additional 1,175 shares during the period. CrestPoint Capital Management LLC increased its stake in International Paper by 5.7% in the second quarter. CrestPoint Capital Management LLC now owns 9,200 shares of the basic materials company’s stock worth $521,000 after buying an additional 500 shares during the period. OLD National Bancorp IN increased its stake in International Paper by 1.2% in the second quarter. OLD National Bancorp IN now owns 304,602 shares of the basic materials company’s stock worth $17,244,000 after buying an additional 3,663 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in International Paper by 508.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 63,427 shares of the basic materials company’s stock worth $3,591,000 after buying an additional 53,009 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in International Paper by 3.3% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 17,029 shares of the basic materials company’s stock worth $964,000 after buying an additional 550 shares during the period. 83.10% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for International Paper (NYSE:IP)

What are top analysts saying about International Paper Co? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for International Paper Co and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit