In yesterday’s Wall Street session, International Paper Co. (NYSE:IP) shares traded at $49.49, down -0.68% from the previous session.
IP stock price is now 6.71% away from the 50-day moving average and 22.62% away from the 200-day moving average. The market capitalization of the company currently stands at $17.19B.
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With the price target maintained at $52, Argus recently Upgraded its rating from Hold to Buy for International Paper Co. (NYSE: IP). On July 09, 2024, Stifel recently initiated its ‘Hold’ rating on the stock quoting a target price of $48.70, while ‘Seaport Research Partners’ rates the stock as ‘Buy’
In other news, SULLIVAN KATHRYN D, Director sold 600 shares of the company’s stock on Sep 16 ’24. The stock was sold for $29,688 at an average price of $49.48. Upon completion of the transaction, the Director now directly owns 39,802 shares in the company, valued at $1.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, SVP, GC and Corp. Secretary Saab Joseph R. sold 2,440 shares of the business’s stock. A total of $115,412 was realized by selling the stock at an average price of $47.30. This leaves the insider owning 18,668 shares of the company worth $0.92 million. A total of 1.55% 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 $50.17. 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 $22180327424, which is based on a 37.98 price-to-earnings ratio, a 1.98 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for IP is $46.5052 and a two-hundred day moving average price translates $40.4277 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.
