International Paper Co (IP) concluded trading on Thursday at a closing price of $53.16, with 3.5 million shares of worth about $186.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.09% during that period and on Thursday the price saw a loss of about -1.23%. Currently the company’s common shares owned by public are about 347.40M shares, out of which, 342.28M shares are available for trading.
Stock saw a price change of -3.54% in past 5 days and over the past one month there was a price change of -9.07%. Year-to-date (YTD), IP shares are showing a performance of -1.23% which increased to 45.48% 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 4.33 million. The stock is currently trading -3.31% below its 20-day simple moving average (SMA20), while that difference is down -4.05% for SMA50 and it goes to 13.82% higher than SMA200.
International Paper Co (NYSE: IP) currently have 347.40M outstanding shares and institutions hold larger chunk of about 128.59% of that.
The stock has a current market capitalization of $18.47B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 45.20, while it has posted earnings per share of $1.18 in the same period. Its PEG reads 2.58 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 1.57% while standing at 1.79% over the month.
Stock’s fiscal year EPS is expected to drop by -47.49% while it is estimated to increase by 163.08% 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.
