The price of International Paper Co. (NYSE:IP) shares last traded on Wall Street rose 0.65% to $46.55.
IP stock price is now 16.00% away from the 50-day moving average and 26.79% away from the 200-day moving average. The market capitalization of the company currently stands at $16.17B.
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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 Jun 14 ’24. The stock was sold for $27,066 at an average price of $45.11. Upon completion of the transaction, the Director now directly owns 43,402 shares in the company, valued at $2.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31 ’24, Director SULLIVAN KATHRYN D sold 600 shares of the business’s stock. A total of $26,748 was realized by selling the stock at an average price of $44.58. This leaves the insider owning 45,479 shares of the company worth $2.12 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 $30.23 and a high of $46.40. 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 $21145319424, which is based on a 87.47 price-to-earnings ratio, a 4.56 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for IP is $40.2966 and a two-hundred day moving average price translates $36.7697 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.
