In yesterday’s Wall Street session, International Paper Co. (NYSE:IP) shares traded at $46.63, up 0.32% from the previous session.
IP stock price is now 4.08% away from the 50-day moving average and 22.02% away from the 200-day moving average. The market capitalization of the company currently stands at $16.20B.
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With the price target of $48.70, Stifel recently initiated with Hold rating for International Paper Co. (NYSE: IP). On June 28, 2024, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $52, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, SULLIVAN KATHRYN D, Director sold 600 shares of the company’s stock on Jul 31 ’24. The stock was sold for $27,756 at an average price of $46.26. Upon completion of the transaction, the Director now directly owns 41,602 shares in the company, valued at $1.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 15 ’24, Director SULLIVAN KATHRYN D sold 600 shares of the business’s stock. A total of $26,208 was realized by selling the stock at an average price of $43.68. This leaves the insider owning 42,202 shares of the company worth $1.97 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 $31.76 and a high of $47.40. As of last week, the company has a debt-to-equity ratio of 0.95, a current ratio of 1.59, and a quick ratio of 1.17. According to the stock market information, the enterprise value for the company is $21186850816, which is based on a 35.78 price-to-earnings ratio, a 1.86 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for IP is $44.909 and a two-hundred day moving average price translates $38.2717 for the stock.
The latest earnings results from International Paper Co. (NYSE: IP) was released for 2024-06-30. The net profit margin was 2.49% and return on equity was 5.44% for IP. The company reported revenue of $4.73 billion for the quarter, compared to $4.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.11 percent.
