In yesterday’s Wall Street session, International Paper Co (NYSE:IP) shares traded at $59.18, up 0.58% from the previous session.
IP stock price is now 15.50% away from the 50-day moving average and 34.75% away from the 200-day moving average. The market capitalization of the company currently stands at $20.56B.
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With the price target maintained at $48.20, Exane BNP Paribas recently Downgraded its rating from Neutral to Underperform for International Paper Co (NYSE: IP). On August 14, 2024, Argus Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $52, while ‘Stifel’ rates the stock as ‘Hold’
In other news, SULLIVAN KATHRYN D, Director sold 600 shares of the company’s stock on Nov 15 ’24. The stock was sold for $33,714 at an average price of $56.19. Upon completion of the transaction, the Director now directly owns 37,745 shares in the company, valued at $2.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31 ’24, Director SULLIVAN KATHRYN D sold 600 shares of the business’s stock. A total of $32,100 was realized by selling the stock at an average price of $53.50. This leaves the insider owning 38,345 shares of the company worth $2.27 million. A total of 1.47% of the company’s stock is owned by insiders.
During the past 12 months, International Paper Co has had a low of $32.21 and a high of $60.22. As of last week, the company has a debt-to-equity ratio of 0.94, a current ratio of 1.53, and a quick ratio of 1.11. According to the stock market information, the enterprise value for the company is $25297504256, which is based on a 50.32 price-to-earnings ratio, a 3.59 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for IP is $51.013 and a two-hundred day moving average price translates $43.79225 for the stock.
The latest earnings results from International Paper Co (NYSE: IP) was released for 2024-09-30. The net profit margin was 2.25% and return on equity was 4.80% for IP. The company reported revenue of $4.69 billion for the quarter, compared to $4.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.58 percent.
