Currently, there are 346.04M common shares owned by the public and among those 339.62M shares have been available to trade.
The company’s stock has a 5-day price change of 5.41% and 19.71% over the past three months. IP shares are trading 30.90% year to date (YTD), with the 12-month market performance up to 53.94% higher. It has a 12-month low price of $30.23 and touched a high of $46.77 over the same period. IP has an average intraday trading volume of 6.70 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.94%, 16.97%, and 28.49% respectively.
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Institutional ownership of International Paper Co. (NYSE: IP) shares accounts for 102.61% of the company’s 346.04M shares outstanding.
It has a market capitalization of $16.44B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 88.91, while the earnings-per-share (ttm) stands at $0.53. The company has a PEG of 4.63 and a Quick Ratio of 1.22 with the debt-to-equity ratio at 0.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.18% over the week and 2.59% over the month.
Earnings per share for the fiscal year are expected to decrease by -7.82%, and 41.99% over the next financial year. EPS should grow at an annualized rate of 19.20% over the next five years, compared to -29.18% over the past 5-year period.
Looking at the support for the IP, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on May 23, 2024, with the firm’s price target at $38-$57. BofA Securities coverage for the International Paper Co. (IP) stock in a research note released on March 04, 2024 offered a Buy rating with a price target of $42. Jefferies on their part issued Hold rating on September 27, 2023.
