International Paper (IP) Given Buy Rating at Royal Bank of Canada

International Paper (NYSE:IP)‘s stock had its “buy” rating reissued by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday, January 8th. They presently have a $49.00 price target on the basic materials company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 9.60% from the stock’s current price.

Several other brokerages have also recently issued reports on IP. Goldman Sachs Group cut shares of International Paper from a “buy” rating to a “neutral” rating and set a $53.00 target price on the stock. in a research note on Wednesday, October 10th. Zacks Investment Research cut shares of International Paper from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Seaport Global Securities initiated coverage on shares of International Paper in a report on Tuesday, October 23rd. They issued a “neutral” rating on the stock. Barclays reduced their price objective on shares of International Paper from $45.00 to $44.00 and set an “underweight” rating on the stock in a report on Monday, October 29th. Finally, Deutsche Bank set a $55.00 price target on shares of International Paper and gave the stock a “hold” rating in a research note on Monday, October 29th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $57.00.

Shares of NYSE:IP traded up $0.47 during trading on Tuesday, reaching $44.71. The stock had a trading volume of 1,576,645 shares, compared to its average volume of 3,518,985. International Paper has a one year low of $37.55 and a one year high of $66.94. The stock has a market capitalization of $18.32 billion, a P/E ratio of 12.81, a P/E/G ratio of 0.86 and a beta of 1.48. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.13 and a current ratio of 1.59.



International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, October 25th. The basic materials company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.09. International Paper had a net margin of 13.68% and a return on equity of 29.75%. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.90 billion. On average, research analysts forecast that International Paper will post 5.3 EPS for the current year.

International Paper announced that its board has initiated a stock repurchase program on Tuesday, October 9th that allows the company to buyback $430.00 million in outstanding shares. This buyback authorization allows the basic materials company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the company. Private Trust Co. NA boosted its position in International Paper by 7.7% during the 4th quarter. Private Trust Co. NA now owns 5,531 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 396 shares during the period. Waverton Investment Management Ltd boosted its position in International Paper by 7.1% during the 4th quarter. Waverton Investment Management Ltd now owns 16,937 shares of the basic materials company’s stock worth $684,000 after acquiring an additional 1,124 shares during the period. MUFG Americas Holdings Corp raised its stake in shares of International Paper by 9.2% in the 3rd quarter. MUFG Americas Holdings Corp now owns 13,604 shares of the basic materials company’s stock worth $669,000 after buying an additional 1,144 shares in the last quarter. Redwood Investment Management LLC raised its stake in shares of International Paper by 29.5% in the 3rd quarter. Redwood Investment Management LLC now owns 5,515 shares of the basic materials company’s stock worth $271,000 after buying an additional 1,256 shares in the last quarter. Finally, WealthPLAN Partners LLC raised its stake in shares of International Paper by 22.7% in the 3rd quarter. WealthPLAN Partners LLC now owns 6,789 shares of the basic materials company’s stock worth $311,000 after buying an additional 1,257 shares in the last quarter. Institutional investors own 80.91% of the company’s stock.

International Paper Company Profile

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Analyst Recommendations for International Paper (NYSE:IP)

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