International Paper (IP) Price Target Raised to $55.00 at Barclays

International Paper (NYSE:IP) had its price objective lifted by Barclays from $52.00 to $55.00 in a report released on Monday morning. They currently have an underweight rating on the basic materials company’s stock.

A number of other analysts also recently weighed in on IP. DA Davidson upped their target price on shares of International Paper to $74.00 and gave the stock a buy rating in a research report on Friday, February 2nd. ValuEngine raised shares of International Paper from a hold rating to a buy rating in a research report on Friday, February 2nd. Bank of America upped their target price on shares of International Paper from $66.00 to $70.00 and gave the stock a buy rating in a research report on Thursday, February 1st. Zacks Investment Research raised shares of International Paper from a hold rating to a buy rating and set a $70.00 target price on the stock in a research report on Tuesday, February 6th. Finally, BMO Capital Markets reaffirmed a buy rating and issued a $70.00 target price on shares of International Paper in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $66.00.

International Paper (NYSE IP) opened at $58.38 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.17 and a debt-to-equity ratio of 1.75. The stock has a market cap of $23,962.22, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49. International Paper has a 1 year low of $49.60 and a 1 year high of $66.94.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.08. The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $6.01 billion. International Paper had a net margin of 9.36% and a return on equity of 29.53%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. equities research analysts predict that International Paper will post 4.8 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, February 20th. International Paper’s dividend payout ratio (DPR) is 36.97%.

Hedge funds have recently made changes to their positions in the stock. FMR LLC grew its position in International Paper by 9.9% during the 2nd quarter. FMR LLC now owns 359,574 shares of the basic materials company’s stock valued at $20,356,000 after purchasing an additional 32,461 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in International Paper by 16.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 59,568 shares of the basic materials company’s stock valued at $3,385,000 after acquiring an additional 8,505 shares during the period. Fox Run Management L.L.C. lifted its stake in International Paper by 22.1% during the 3rd quarter. Fox Run Management L.L.C. now owns 17,100 shares of the basic materials company’s stock valued at $972,000 after acquiring an additional 3,100 shares during the period. Sawyer & Company Inc bought a new position in International Paper during the 4th quarter valued at about $1,493,000. Finally, Parametric Portfolio Associates LLC lifted its stake in International Paper by 0.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,888,438 shares of the basic materials company’s stock valued at $107,301,000 after acquiring an additional 14,298 shares during the period. 81.38% of the stock is currently owned by institutional investors.

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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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