International Paper Co. (IP) concluded trading on Thursday at a closing price of $47.52, with 3.16 million shares of worth about $150.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.07% during that period and on September 05, 2024 the price saw a gain of about 0.44%. Currently the company’s common shares owned by public are about 346.04M shares, out of which, 341.90M shares are available for trading.
Stock saw a price change of -2.00% 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 31.45% which increased to 38.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.76 but also hit the highest price of $49.24 during that period. The average intraday trading volume for International Paper Co. shares is 5.48 million. The stock is currently trading 0.98% above its 20-day simple moving average (SMA20), while that difference is up 3.81% for SMA50 and it goes to 19.47% 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 114.89% of that.
The stock has a current market capitalization of $16.51B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 36.47, while it has posted earnings per share of $1.30 in the same period. Its PEG reads 1.90 and has Quick Ratio of 1.17 while making debt-to-equity ratio of 0.95. 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 1.70% while standing at 1.79% over the month.
Stock’s fiscal year EPS is expected to drop by -34.16% while it is estimated to increase by 92.09% 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 Argus on August 14, 2024 offering a Buy rating for the stock and assigned a target price of $52 to it. Coverage by Stifel stated International Paper Co. (IP) stock as a Hold in their note to investors on July 09, 2024, suggesting a price target of $48.70 for the stock. On June 28, 2024, Seaport Research Partners Upgrade their recommendations, while on May 23, 2024, Jefferies Upgrade their ratings for the stock with a price target of $57. Stock get a Buy rating from BofA Securities on March 04, 2024.
