In last trading session, International Paper Co. (NYSE:IP) saw 5.26 million shares changing hands with its beta currently measuring 1.02. Company’s recent per share price level of $46.78 trading at $0.15 or 0.32% at ring of the bell on the day assigns it a market valuation of $16.25B. That closing price of IP’s stock is at a discount of -8.34% from its 52-week high price of $50.68 and is indicating a premium of 32.11% from its 52-week low price of $31.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.46 million shares which gives us an average trading volume of 4.31 million if we extend that period to 3-months.
For International Paper Co. (IP), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.31. Splitting up the data highlights that, out of 22 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.24 in the current quarter.
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International Paper Co. (NYSE:IP) trade information
Upright in the green during last session for gaining 0.32%, in the last five days IP remained trading in the red while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $46.78 price level, adding 3.05% to its value on the day. International Paper Co.’s shares saw a change of 29.41% in year-to-date performance and have moved -2.93% in past 5-day. International Paper Co. (NYSE:IP) showed a performance of -6.40% in past 30-days. Number of shares sold short was 39.95 million shares which calculate 11.01 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 56.5 to the stock, which implies a rise of 17.2% to its current value. Analysts have been projecting 43 as a low price target for the stock while placing it at a high target of 80. It follows that stock’s current price would jump 8.08% in reaching the projected high whereas dropping to the targeted low would mean a gain of 8.08% for stock’s current value.
International Paper Co. (IP) estimates and forecasts
Statistics highlight that International Paper Co. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 32.26% of value to its shares in past 6 months, showing an annual growth rate of -28.24% while that of industry is -0.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -0.30% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 4.7B for the same. And 4 analysts are in estimates of company making revenue of 4.81B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -29.18% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -32.04% while estimates for its earnings growth in next 5 years are of 30.00%.
IP Dividends
International Paper Co. is more likely to be releasing its next quarterly report on 2024-Oct-31 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 3.95%, the share has a forward dividend of 1.85 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.72%.
International Paper Co. (NYSE:IP)’s Major holders
Insiders are in possession of 0.43% of company’s total shares while institution are holding 96.95 percent of that, with stock having share float percentage of 97.38%. Investors also watch the number of corporate investors in a company very closely, which is 96.95% institutions for International Paper Co. that are currently holding shares of the company. PRICE T ROWE ASSOCIATES INC /MD/ is the top institutional holder at IP for having 46.91 million shares of worth $2.02 billion. And as of 2024-06-30, it was holding 13.5294 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 40.67 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.7318 of outstanding shares, having a total worth of $1.76 billion.
