International Paper Company (IP) Cut to “Hold” at ValuEngine

International Paper Company (NYSE:IP) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other research analysts also recently issued reports on the stock. Barclays PLC boosted their target price on shares of International Paper from $50.00 to $52.00 and gave the company an “underweight” rating in a research report on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a report on Monday, October 30th. Credit Suisse Group AG lifted their price objective on shares of International Paper from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Stephens started coverage on shares of International Paper in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $60.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 price objective on shares of International Paper in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $61.73.

International Paper (NYSE IP) opened at $54.33 on Wednesday. The stock has a market cap of $22,460.00, a price-to-earnings ratio of 17.92, a P/E/G ratio of 1.65 and a beta of 1.47. International Paper has a 1 year low of $46.52 and a 1 year high of $58.96. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 2.31.

International Paper (NYSE:IP) last posted its earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.85 billion. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. equities analysts anticipate that International Paper will post 3.5 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of IP. Quadrant Capital Group LLC lifted its holdings in shares of International Paper by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 47 shares during the last quarter. Rational Advisors LLC acquired a new position in shares of International Paper in the 3rd quarter worth approximately $108,000. Ffcm LLC lifted its holdings in shares of International Paper by 148.0% in the 2nd quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 1,242 shares during the last quarter. Amica Retiree Medical Trust acquired a new position in shares of International Paper in the 3rd quarter worth approximately $128,000. Finally, Asset Advisors Corp lifted its holdings in shares of International Paper by 3.6% in the 2nd quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock worth $136,000 after acquiring an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 82.63% of the company’s stock.

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)

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