International Paper Co. [IP] stock prices are down -0.28% to $36.19 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The IP shares have gain 0.86% over the last week, with a monthly amount glided 4.57%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, ETHISPHERE NAMES INTERNATIONAL PAPER AS ONE OF THE 2024 WORLD’S MOST ETHICAL COMPANIES® FOR THE 18TH TIME. In a post published today on Yahoo Finance, Annual recognition highlights organizations that have demonstrated a commitment to business integrity through robust ethics, compliance, and governance programs.
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.
The stock price of International Paper Co. [IP] has been fluctuating 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 $36.19 at the most recent close of the market. An investor can expect a potential return of 55.1% based on the average IP price forecast.
Analyzing the IP fundamentals
The International Paper Co. [NYSE:IP] reported sales of 18.92B for trailing twelve months, representing 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 35.95 points at the first support level, and at 35.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.47, and for the 2nd resistance point, it is at 36.74.
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
It’s worth pointing out that International Paper Co. [NYSE:IP]’s Current Ratio is 1.67. In addition, the Quick Ratio stands at 1.19 and the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 42.16.
Transactions by insiders
Recent insider trading involved Royalty James P Jr., Senior Vice President, that happened on Feb 28 ’24 when 5800.0 shares were sold. Director, SULLIVAN KATHRYN D completed a deal on Feb 28 ’24 to sell 600.0 shares. Meanwhile, Director SULLIVAN KATHRYN D sold 600.0 shares on Feb 22 ’24.
