Currently, there are 346.04M common shares owned by the public and among those 342.00M shares have been available to trade.
The company’s stock has a 5-day price change of 0.84% and 4.35% over the past three months. IP shares are trading 32.06% year to date (YTD), with the 12-month market performance up to 35.82% higher. It has a 12-month low price of $31.76 and touched a high of $50.68 over the same period. IP has an average intraday trading volume of 4.31 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 -1.29%, 0.05%, and 14.80% respectively.
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Institutional ownership of International Paper Co. (NYSE: IP) shares accounts for 114.09% of the company’s 346.04M shares outstanding.
It has a market capitalization of $16.58B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 36.64, while the earnings-per-share (ttm) stands at $1.30. The company has a PEG of 1.22 and a Quick Ratio of 1.17 with the debt-to-equity ratio at 0.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.70% over the week and 1.74% over the month.
Analysts forecast that International Paper Co. (IP) will achieve an EPS of 0.24 for the current quarter, 0.43 for the next quarter and 2.68 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.21 while analysts give the company a high EPS estimate of 0.21. Comparatively, EPS for the current quarter was 0.64 a year ago. Earnings per share for the fiscal year are expected to decrease by -32.42%, and 93.69% over the next financial year. EPS should grow at an annualized rate of 30.00% 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. Argus stated their Buy rating for the stock in a research note on August 14, 2024, with the firm’s price target at $52. Stifel coverage for the International Paper Co. (IP) stock in a research note released on July 09, 2024 offered a Hold rating with a price target of $48.70. Seaport Research Partners was of a view on June 28, 2024 that the stock is Buy, while Jefferies gave the stock Buy rating on May 23, 2024, issuing a price target of $38- $57. BofA Securities on their part issued Buy rating on March 04, 2024.
