International Paper Co (IP) concluded trading on Thursday at a closing price of $53.84, with 3.73 million shares of worth about $200.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.84% during that period and on December 19, 2024 the price saw a gain of about 0.37%. Currently the company’s common shares owned by public are about 347.40M shares, out of which, 342.29M 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 -6.92%. Year-to-date (YTD), IP shares are showing a performance of 48.93% which increased to 46.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.70 but also hit the highest price of $60.36 during that period. The average intraday trading volume for International Paper Co shares is 4.44 million. The stock is currently trading -5.27% below its 20-day simple moving average (SMA20), while that difference is down -0.85% for SMA50 and it goes to 17.10% higher than SMA200.
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International Paper Co (NYSE: IP) currently have 347.40M outstanding shares and institutions hold larger chunk of about 127.69% of that.
The stock has a current market capitalization of $18.70B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 45.78, while it has posted earnings per share of $1.18 in the same period. Its PEG reads 2.62 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 1.92% while standing at 2.15% over the month.
Stock’s fiscal year EPS is expected to drop by -47.66% while it is estimated to increase by 168.73% in next year. EPS is likely to grow at an annualized rate of 17.50% 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.
