Media coverage about International Paper (NYSE:IP) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. International Paper earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 46.0734670408135 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Cover story: Pulp non-fiction: A look inside IP, with chairman/CEO Mark Sutton (bizjournals.com)
- International Paper (IP) Presents At Credit Suisse 30th Annual Basic Materials Conference – Slideshow (seekingalpha.com)
- International Paper Co. : IP-US: Dividend Analysis : August 15th, 2017 (record date) : By the numbers : September 14, 2017 (finance.yahoo.com)
- Huhtamaki acquires IP’s Chinese paper business (foodnavigator-asia.com)
- International Paper Company (NYSE:IP) Sale Analysis | Newburgh … – The Newburgh Press (newburghpress.com)
Several equities analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) upgraded shares of International Paper from a “neutral” rating to a “buy” rating and upped their price objective for the company from $60.00 to $64.00 in a report on Thursday, July 13th. BidaskClub upgraded shares of International Paper from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Vertical Research restated a “buy” rating on shares of International Paper in a report on Friday, July 28th. Zacks Investment Research upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Tuesday, July 11th. Finally, Barclays PLC restated a “sell” rating and set a $50.00 price objective on shares of International Paper in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.07.
Shares of International Paper (IP) opened at 56.23 on Friday. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 28.56 and a beta of 1.46. The firm has a 50-day moving average price of $54.34 and a 200 day moving average price of $53.78. International Paper has a 52-week low of $43.55 and a 52-week high of $58.95.
International Paper (NYSE:IP) last released its earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.72 billion. International Paper had a return on equity of 27.09% and a net margin of 3.73%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. Analysts expect that International Paper will post $3.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, August 11th. International Paper’s payout ratio is currently 93.91%.
In other news, insider Gregory T. Wanta sold 1,044 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $55.22, for a total value of $57,649.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.
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About International Paper
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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