A share price of International Paper Co. [IP] is currently trading at $35.85, down -0.11%. 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 4.82% over the last week, with a monthly amount glided 7.14%, and 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 March 04, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $42 from $37. Previously, Argus downgraded its rating to Hold on February 26, 2024. Jefferies upgraded its rating to a Hold and increased its price target to $33 on September 27, 2023. Truist upgraded its rating to a Buy and raised its price target to $43 on September 21, 2023. BofA Securities downgraded its rating to Underperform for this stock on July 10, 2023, and downed its price target to $33. In a note dated April 28, 2023, RBC Capital Mkts upgraded an Outperform rating on this stock and revised its target price from $40 to $39.
International Paper Co. experienced fluctuations in its stock price throughout the past year between $29.00 and $38.21. 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 $35.85 at the most recent close of the market. An investor can expect a potential return of 56.57% based on the average IP price forecast.
Analyzing the IP fundamentals
Trailing Twelve Months sales for International Paper Co. [NYSE:IP] were 18.92B which represents -10.36% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.94.
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 35.63 points at the first support level, and at 35.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.09, and for the 2nd resistance point, it is at 36.33.
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
To put it in perspective, the Current Ratio for International Paper Co. [NYSE:IP] 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 0.66, the price to book ratio is 1.48 and price to earnings (TTM) ratio is 41.76.
Transactions by insiders
Recent insider trading involved Royalty James P Jr., Senior Vice President, that happened on Feb 28 when 5800.0 shares were sold. Director, SULLIVAN KATHRYN D completed a deal on Feb 28 to sell 600.0 shares. Meanwhile, Director SULLIVAN KATHRYN D sold 600.0 shares on Feb 22.
