Currently, there are 346.04M common shares owned by the public and among those 339.60M shares have been available to trade.
The company’s stock has a 5-day price change of 6.96% and 23.77% over the past three months. IP shares are trading 25.89% year to date (YTD), with the 12-month market performance up to 44.94% higher. It has a 12-month low price of $30.78 and touched a high of $47.40 over the same period. IP has an average intraday trading volume of 7.11 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 2.46%, 5.74%, and 21.17% respectively.
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Institutional ownership of International Paper Co. (NYSE: IP) shares accounts for 99.61% of the company’s 346.04M shares outstanding.
It has a market capitalization of $15.81B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 85.51, while the earnings-per-share (ttm) stands at $0.53. The company has a PEG of 4.45 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 2.19% over the week and 2.19% over the month.
Earnings per share for the fiscal year are expected to decrease by -6.46%, and 46.90% 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. Stifel stated their Hold rating for the stock in a research note on July 09, 2024, with the firm’s price target at $48.70. Seaport Research Partners coverage for the International Paper Co. (IP) stock in a research note released on June 28, 2024 offered a Buy rating with a price target of $52. Jefferies was of a view on May 23, 2024 that the stock is Buy, while BofA Securities gave the stock Buy rating on March 04, 2024, issuing a price target of $37- $42. Argus on their part issued Hold rating on February 26, 2024.
