International Paper Co. (IP) concluded trading on Thursady at a closing price of $34.49, with 4.62 million shares of worth about $159.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.13% during that period and on Thursady the price saw a loss of about -0.69%. Currently the company’s common shares owned by public are about 346.00M shares, out of which, 341.57M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 13 times over the past 12 months. They bought 53,298 shares in 7 of the transactions. In 6 selling transactions, insiders dumped 94,533 shares.
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However, the stock later moved at a day high price of 34.86, or with a loss of -0.69%. Stock saw a price change of -0.12% in past 5 days and over the past one month there was a price change of -5.53%. Year-to-date (YTD), IP shares are showing a performance of -4.59% which decreased to -4.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.00 but also hit the highest price of $38.21 during that period. The average intraday trading volume for International Paper Co. shares is 3.47 million. The stock is currently trading -2.04% below its 20-day simple moving average (SMA20), while that difference is down -4.75% for SMA50 and it goes to 1.04% higher than SMA200.
International Paper Co. (NYSE: IP) currently have 346.00M outstanding shares and institutions hold larger chunk of about 82.25% of that.
The stock has a current market capitalization of $11.95B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 40.18, while it has posted earnings per share of $0.86 in the same period. Its PEG reads 2.09 and has Quick Ratio of 1.19 while making debt-to-equity ratio of 0.98. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IP, volatility over the week remained 2.49% while standing at 2.44% over the month.
Analysts are in expectations that International Paper Co. (IP) stock would likely to be making an EPS of $0.21 in the current quarter, while forecast for next quarter EPS is $0.52 and it is $2.83 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.18 which is $0.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.53 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.32% while it is estimated to increase by 30.79% in next year. EPS is likely to grow at an annualized rate of 19.20% for next 5-years, compared to annual growth of -29.18% made by the stock over the past 5-years.
Coverage by Jefferies stated International Paper Co. (IP) stock as a Hold in their note to investors on September 27, 2023, suggesting a price target of $33 for the stock. On September 21, 2023, Truist Upgrade their recommendations, while on July 10, 2023, BofA Securities Downgrade their ratings for the stock with a price target of $33. Stock get an Outperform rating from RBC Capital Mkts on April 28, 2023.
