International Paper Co (IP) concluded trading on Wednesday at a closing price of $58.84, with 8.01 million shares of worth about $471.35 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.76% during that period and on November 20, 2024 the price saw a gain of about 1.73%. Currently the company’s common shares owned by public are about 346.04M shares, out of which, 342.28M shares are available for trading.
Stock saw a price change of 4.36% in past 5 days and over the past one month there was a price change of 23.80%. Year-to-date (YTD), IP shares are showing a performance of 62.77% which increased to 80.60% 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 $59.52 during that period. The average intraday trading volume for International Paper Co shares is 4.39 million. The stock is currently trading 6.74% above its 20-day simple moving average (SMA20), while that difference is up 15.34% for SMA50 and it goes to 34.36% 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 128.43% of that.
The stock has a current market capitalization of $20.44B and its 3Y-monthly beta is at 1.00. PE ratio of stock for trailing 12 months is 50.03, while it has posted earnings per share of $1.18 in the same period. Its PEG reads 3.57 and has Quick Ratio of 1.11 while making debt-to-equity ratio of 0.94. 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 2.90% while standing at 2.52% over the month.
Stock’s fiscal year EPS is expected to drop by -46.85% while it is estimated to increase by 162.02% in next year. EPS is likely to grow at an annualized rate of 14.00% 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 Exane BNP Paribas on November 13, 2024 offering an Underperform rating for the stock and assigned a target price of $48.20 to it. Coverage by Argus stated International Paper Co (IP) stock as a Buy in their note to investors on August 14, 2024, suggesting a price target of $52 for the stock. On July 09, 2024, Stifel Initiated their recommendations, while on June 28, 2024, Seaport Research Partners Upgrade their ratings for the stock with a price target of $52. Stock get a Buy rating from Jefferies on May 23, 2024.
