Barclays PLC Increases International Paper Company (IP) Price Target to $52.00

International Paper Company (NYSE:IP) had its target price upped by equities researchers at Barclays PLC from $50.00 to $52.00 in a report released on Monday. The brokerage currently has an “underweight” rating on the basic materials company’s stock. Barclays PLC’s target price points to a potential downside of 9.20% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) raised International Paper from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $64.00 in a report on Thursday, July 13th. Zacks Investment Research raised 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. Jefferies Group LLC reissued a “buy” rating and set a $66.00 target price (up previously from $65.00) on shares of International Paper in a report on Friday, July 14th. Royal Bank Of Canada reissued a “buy” rating and set a $65.00 target price on shares of International Paper in a report on Monday, August 21st. Finally, BMO Capital Markets reissued a “buy” rating on shares of International Paper in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $61.73.

International Paper (NYSE IP) opened at 57.27 on Monday. International Paper has a 1-year low of $43.55 and a 1-year high of $58.96. The firm has a market capitalization of $23.65 billion, a PE ratio of 29.09 and a beta of 1.46. The company’s 50-day moving average is $57.27 and its 200 day moving average is $55.23.

International Paper (NYSE:IP) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities analysts expect that International Paper will post $3.50 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. Exencial Wealth Advisors LLC raised its stake in International Paper by 0.3% in the second quarter. Exencial Wealth Advisors LLC now owns 6,312 shares of the basic materials company’s stock valued at $357,000 after purchasing an additional 16 shares in the last quarter. Piedmont Investment Advisors LLC raised its stake in International Paper by 0.5% in the second quarter. Piedmont Investment Advisors LLC now owns 4,335 shares of the basic materials company’s stock valued at $245,000 after purchasing an additional 20 shares in the last quarter. Mechanics Bank Trust Department raised its stake in International Paper by 0.6% in the second quarter. Mechanics Bank Trust Department now owns 4,467 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 26 shares in the last quarter. Moloney Securities Asset Management LLC raised its stake in International Paper by 0.9% in the second quarter. Moloney Securities Asset Management LLC now owns 4,989 shares of the basic materials company’s stock valued at $282,000 after purchasing an additional 44 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in International Paper by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 47 shares in the last quarter. 83.06% 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.

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