International Paper Co. [IP] stock is trading at $35.36, up 2.14%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IP shares have gain 2.52% over the last week, with a monthly amount drifted -2.64%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
International Paper Co. [NYSE: IP] stock has seen the most recent analyst activity on February 26, 2024, when Argus downgraded its rating to a Hold. On September 27, 2023, upgrade upgraded it’s rating to Hold and revised its price target to $33 on the stock. Truist upgraded its rating to a Buy and increased its price target to $43 on September 21, 2023. BofA Securities downgraded its rating to a Underperform and reduced its price target to $33 on July 10, 2023. RBC Capital Mkts upgraded its rating to Outperform for this stock on April 28, 2023, and downed its price target to $39. In a note dated February 03, 2023, UBS upgraded an Neutral rating on this stock and boosted its target price from $31 to $43.
International Paper Co. [IP] stock has fluctuated between $29.00 and $38.21 over the past year. Currently, Wall Street analysts expect the stock to reach $56.13 within the next 12 months. International Paper Co. [NYSE: IP] shares were valued at $35.36 at the most recent close of the market. An investor can expect a potential return of 58.74% based on the average IP price forecast.
Analyzing the IP fundamentals
International Paper Co. [NYSE:IP] reported sales of 18.92B for the trailing twelve months, which represents a drop of -10.36%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.94.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.68 points at the first support level, and at 34.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.01, and for the 2nd resistance point, it is at 36.66.
International Paper Co. [IP] reported earnings per share of $0.41 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.34/share, meaning a difference of $0.07 and a surprise factor of 20.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.64 per share as compared to estimates of $0.58 per share, a difference of $0.06 representing a surprise of 10.30%.
Ratios To Look Out For
For context, International Paper Co.’s Current Ratio is 1.67. Further, the Quick Ratio stands at 1.19, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 41.19.
Transactions by insiders
Recent insider trading involved SULLIVAN KATHRYN D, Director, that happened on Feb 28 when 600.0 shares were sold. Director, SULLIVAN KATHRYN D completed a deal on Feb 22 to sell 600.0 shares. Meanwhile, Senior Vice President PLATH THOMAS J. sold 4500.0 shares on Nov 27.
