Stocks of International Paper Co. (NYSE:IP) traded higher last session on Wall Street, down -1.66% to $44.40.
IP stock price is now 15.95% away from the 50-day moving average and 23.62% away from the 200-day moving average. The market capitalization of the company currently stands at $15.42B.
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With the price target enhanced from $38 to $57, Jefferies Upgraded its rating from Hold to Buy for International Paper Co. (NYSE: IP). On March 04, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Buy’ on the stock increasing its target price from $37 to quote $42, while ‘Argus’ rates the stock as ‘Hold’
In other news, SULLIVAN KATHRYN D, Director sold 600 shares of the company’s stock on May 15 ’24. The stock was sold for $23,946 at an average price of $39.91. Upon completion of the transaction, the Director now directly owns 46,079 shares in the company, valued at $2.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 30 ’24, Director SULLIVAN KATHRYN D sold 600 shares of the business’s stock. A total of $20,964 was realized by selling the stock at an average price of $34.94. This leaves the insider owning 40,588 shares of the company worth $1.8 million. A total of 2.22% 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 $46.10. 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. According to the stock market information, the enterprise value for the company is $20659054592, which is based on a 83.43 price-to-earnings ratio, a 4.35 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for IP is $38.294 and a two-hundred day moving average price translates $35.9176 for the stock.
The latest earnings results from International Paper Co. (NYSE: IP) was released for 2024-03-31. 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.
