Stephens Analysts Give International Paper (NYSE:IP) a $66.00 Price Target

International Paper (NYSE:IP) has been assigned a $66.00 target price by Stephens in a report released on Wednesday, January 10th. The brokerage currently has a “hold” rating on the basic materials company’s stock. Stephens’ price target indicates a potential upside of 7.76% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank reaffirmed a “hold” rating and set a $56.00 price target (up previously from $54.00) on shares of International Paper in a report on Monday, October 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $65.00 price target on shares of International Paper in a report on Monday, October 23rd. Barclays lifted their price objective 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 reiterated a “hold” rating on shares of International Paper in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of International Paper from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. 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 company. The company presently has an average rating of “Hold” and an average price target of $63.25.

International Paper (IP) opened at $61.25 on Wednesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97. The stock has a market cap of $25,290.00, a PE ratio of 28.23, a P/E/G ratio of 1.43 and a beta of 1.47. International Paper has a 12 month low of $49.60 and a 12 month high of $62.44.

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 analysts’ consensus estimates of $1.04 by $0.04. The firm had revenue of $5.91 billion for 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 business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. analysts anticipate that International Paper will post 3.51 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of IP. Piedmont Investment Advisors LLC lifted 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 worth $245,000 after acquiring an additional 20 shares during the period. Quadrant Capital Group LLC lifted 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 worth $107,000 after acquiring an additional 47 shares during the period. Veritable L.P. raised its holdings in International Paper by 0.4% in the second quarter. Veritable L.P. now owns 14,704 shares of the basic materials company’s stock worth $832,000 after purchasing an additional 58 shares in the last quarter. Cetera Investment Advisers raised its holdings in International Paper by 1.7% in the second quarter. Cetera Investment Advisers now owns 6,212 shares of the basic materials company’s stock worth $351,000 after purchasing an additional 106 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in International Paper by 0.4% in the second quarter. ETRADE Capital Management LLC now owns 28,063 shares of the basic materials company’s stock worth $1,589,000 after purchasing an additional 117 shares in the last quarter. 81.88% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for International Paper (NYSE:IP)

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