Some Investing Thoughts On International Paper Co. (NYSE: IP)

International Paper Co. (IP) concluded trading on Wednesday at a closing price of $39.07, with 4.05 million shares of worth about $158.11 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.15% during that period and on April 3, 2024 the price saw a gain of about 0.96%. Currently the company’s common shares owned by public are about 346.04M shares, out of which, 341.56M shares are available for trading.

However, the stock later moved at a day high price of 36.89, or with a gain of 0.96%. Stock saw a price change of 2.28% in past 5 days and over the past one month there was a price change of 8.86%. Year-to-date (YTD), IP shares are showing a performance of 8.08% which increased to 8.35% 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 $41.28 during that period. The average intraday trading volume for International Paper Co. shares is 4.52 million. The stock is currently trading 3.80% above its 20-day simple moving average (SMA20), while that difference is up 8.05% for SMA50 and it goes to 11.95% higher than SMA200.

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International Paper Co. (NYSE: IP) currently have 346.04M outstanding shares and institutions hold larger chunk of about 86.14% of that.

The stock has a current market capitalization of $13.53B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 45.51, while it has posted earnings per share of $0.86 in the same period. Its PEG reads 2.37 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 2.43% while standing at 3.11% over the month.

Stock’s fiscal year EPS is expected to drop by -1.12% while it is estimated to increase by 30.95% 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.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on March 04, 2024 offering a Buy rating for the stock and assigned a target price range of between $37 and $42 to it. On January 08, 2024, Exane BNP Paribas Resumed their recommendations, while on September 27, 2023, Jefferies Upgrade their ratings for the stock with a price target of $33. Stock get a Buy rating from Truist on September 21, 2023.

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