International Paper Co. (IP) concluded trading on Wednesday at a closing price of $34.62, with 4.5 million shares of worth about $155.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.49% during that period and on on Wednesday the price saw a gain of about 1.23%. Currently the company’s common shares owned by public are about 346.04M shares, out of which, 341.56M 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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Stock saw a price change of -0.32% in past 5 days and over the past one month there was a price change of -5.72%. Year-to-date (YTD), IP shares are showing a performance of -4.23% which decreased to -5.36% 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 -0.13% below its 20-day simple moving average (SMA20), while that difference is down -3.89% for SMA50 and it goes to 1.29% higher than SMA200.
International Paper Co. (NYSE: IP) currently have 346.04M outstanding shares and institutions hold larger chunk of about 82.22% of that.
The stock has a current market capitalization of $11.99B and its 3Y-monthly beta is at 0.97. PE ratio of stock for trailing 12 months is 40.33, while it has posted earnings per share of $0.86 in the same period. Its PEG reads 2.10 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 2.01% while standing at 2.43% over the month.
Stock’s fiscal year EPS is expected to drop by -0.96% while it is estimated to increase by 29.07% 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.
On September 27, 2023, Jefferies Upgrade their recommendations, while on September 21, 2023, Truist Upgrade their ratings for the stock with a price target of $43. Stock get an Underperform rating from BofA Securities on July 10, 2023.
