The price of International Paper Co. (NYSE:IP) shares last traded on Wall Street fell -3.16% to $38.58.
IP stock price is now 4.41% away from the 50-day moving average and 8.46% away from the 200-day moving average. The market capitalization of the company currently stands at $13.40B.
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With the price target enhanced from $37 to $42, BofA Securities Upgraded its rating from Underperform to Buy for International Paper Co. (NYSE: IP)., while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, SULLIVAN KATHRYN D, Director sold 600 shares of the company’s stock on Apr 30 ’24. The stock was sold for $20,964 at an average price of $34.94. Upon completion of the transaction, the Director now directly owns 40,588 shares in the company, valued at $1.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 15 ’24, Director SULLIVAN KATHRYN D sold 600 shares of the business’s stock. A total of $22,668 was realized by selling the stock at an average price of $37.78. This leaves the insider owning 41,188 shares of the company worth $1.59 million. A total of 1.99% of the company’s stock is owned by insiders.
During the past 12 months, International Paper Co. has had a low of $29.00 and a high of $41.30. As of last week, the company has a debt-to-equity ratio of 0.99, a current ratio of 1.68, and a quick ratio of 1.22.
The net profit margin was 1.00% and return on equity was 2.23% for IP. The company reported revenue of $4.62 billion for the quarter, compared to $5.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.99 percent. For the current quarter, analysts expect IP to generate $4.72B in revenue.
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