International Paper Co. (IP) concluded trading on Thursday at a closing price of $49.05, with 3.55 million shares of worth about $174.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.52% during that period and on September 26, 2024 the price saw a gain of about 2.00%. Currently the company’s common shares owned by public are about 346.04M shares, out of which, 342.00M shares are available for trading.
Stock saw a price change of -1.86% in past 5 days and over the past one month there was a price change of 0.12%. Year-to-date (YTD), IP shares are showing a performance of 35.68% which increased to 42.05% 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 $50.68 during that period. The average intraday trading volume for International Paper Co. shares is 5.18 million. The stock is currently trading 1.56% above its 20-day simple moving average (SMA20), while that difference is up 4.04% for SMA50 and it goes to 20.26% 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 113.17% of that.
The stock has a current market capitalization of $17.04B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 37.64, while it has posted earnings per share of $1.30 in the same period. Its PEG reads 1.96 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 1.61% while standing at 1.86% over the month.
Stock’s fiscal year EPS is expected to drop by -33.74% while it is estimated to increase by 91.35% 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.
