International Paper (NYSE:IP) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

International Paper (NYSE:IP) had its target price decreased by JPMorgan Chase & Co. from $62.00 to $51.00 in a report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the basic materials company’s stock.

A number of other research analysts have also weighed in on the company. UBS Group decreased their price objective on International Paper from $47.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Truist Financial reaffirmed a “buy” rating and set a $39.00 target price (down from $41.00) on shares of International Paper in a report on Thursday. Loop Capital set a $61.00 target price on shares of International Paper in a research report on Tuesday, July 28th. Bank of America reissued a “buy” rating on shares of International Paper in a research note on Thursday. Finally, Wall Street Zen lowered shares of International Paper from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Paper currently has an average rating of “Moderate Buy” and an average target price of $45.44.

International Paper Price Performance

NYSE:IP opened at $36.40 on Thursday. The stock has a 50 day moving average of $34.96 and a two-hundred day moving average of $37.43. International Paper has a 12 month low of $29.26 and a 12 month high of $50.25. The firm has a market cap of $19.28 billion, a P/E ratio of -5.55, a price-to-earnings-growth ratio of 4.92 and a beta of 0.93. The company has a current ratio of 1.01, a quick ratio of 0.84 and a debt-to-equity ratio of 0.59.

International Paper (NYSE:IP) last released its earnings results on Wednesday, October 28th. The basic materials company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. The business had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.28 billion. International Paper had a positive return on equity of 1.77% and a negative net margin of 14.32%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.43) earnings per share. On average, analysts expect that International Paper will post 1.13 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be given a dividend of $0.4625 per share. The ex-dividend date is Monday, November 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.1%. International Paper’s dividend payout ratio (DPR) is currently -28.20%.

Insider Buying and Selling

In related news, CAO Holly G. Goughnour sold 3,500 shares of International Paper stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total value of $146,860.00. Following the completion of the sale, the chief accounting officer owned 34,248 shares in the company, valued at approximately $1,437,046.08. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP William Hamic sold 24,500 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $41.20, for a total value of $1,009,400.00. Following the completion of the sale, the vice president directly owned 106,952 shares in the company, valued at approximately $4,406,422.40. The trade was a 18.64% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Aberdeen Wealth Management LLC purchased a new position in International Paper in the second quarter worth approximately $27,000. Salomon & Ludwin LLC purchased a new stake in shares of International Paper in the 3rd quarter valued at approximately $25,000. Ascentis Independent Advisors acquired a new stake in shares of International Paper in the 1st quarter valued at $28,000. Richardson Financial Services Inc. acquired a new stake in shares of International Paper in the 3rd quarter valued at $26,000. Finally, Delta Asset Management LLC TN purchased a new stake in shares of International Paper during the 2nd quarter worth $31,000. 81.95% of the stock is currently owned by hedge funds and other institutional investors.

International Paper News Summary

Here are the key news stories impacting International Paper this week:

• Positive Sentiment: Analysts’ average price target is reported at $45.44, implying meaningful potential upside from the recent trading level. Citigroup also maintained a Buy rating, although it reduced its target to $41 from $47. International Paper Company Stock Has Average Target Price Citigroup International Paper price target
• Positive Sentiment: IP’s stock crossed above its 50-day moving average, a potentially constructive technical signal that may support near-term investor sentiment despite an analyst downgrade. International Paper crosses above 50-day moving average
• Neutral Sentiment: An earnings-call review describes a balance between operational gains and ongoing risks, suggesting that investors are weighing improvement opportunities against execution and industry challenges. International Paper earnings call balances gains and risks
• Negative Sentiment: JPMorgan Chase lowered its price target for IP, adding to evidence that some analysts see less near-term upside even as the broader target average remains above the current market level. JPMorgan cuts International Paper price target
• Negative Sentiment: A reported large loss raises concerns about profitability and weakens the case that the shares are clearly undervalued. International Paper posted a large loss
• Negative Sentiment: The company’s roughly 5.5% dividend yield is attracting attention, but free cash flow has turned negative while capital spending is expected to remain elevated. That raises questions about dividend sustainability and could limit investor enthusiasm. International Paper dividend and free cash flow analysis

About International Paper

International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and paper products. Its offerings include corrugated packaging and containerboard used to protect and transport goods, as well as absorbent cellulose fibers and other fiber-based materials used in personal care, healthcare, foodservice and industrial applications.

The company serves customers across North America and Europe, with products sold to manufacturers, retailers, consumer-goods companies and other commercial customers.