During the recent session, International Paper Co. (NYSE:IP)’s traded shares were 5.31 million, with the beta value of the company hitting 1.02. At the last check today, the stock’s price was $55.38, reflecting an intraday gain of 12.96% or $6.35. The 52-week high for the IP share is $50.68, that puts it up 8.49 from that peak though still a striking 42.65% gain since the share price plummeted to a 52-week low of $31.76. The company’s market capitalization is $19.24B, and the average intraday trading volume over the past 10 days was 5.23 million shares, and the average trade volume was 4.08 million shares over the past three months.
International Paper Co. (IP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.31. IP has a Sell rating from 1 analyst(s) out of 22 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 15 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.26.
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International Paper Co. (NYSE:IP) trade information
International Paper Co. (IP) registered a 12.96% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 12.96% in intraday trading to $55.38, hitting a weekly high. The stock’s 5-day price performance is 13.86%, and it has moved by 15.12% in 30 days. Based on these gigs, the overall price performance for the year is 64.19%. The short interest in International Paper Co. (NYSE:IP) is 42.83 million shares and it means that shorts have 11.16 day(s) to cover.
The consensus price target of analysts on Wall Street is $56.5, which implies an increase of 1.98% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $43 and $80 respectively. As a result, IP is trading at a discount of -44.46% off the target high and 22.35% off the low.
International Paper Co. (IP) estimates and forecasts
Statistics show that International Paper Co. has underperformed its competitors in share price, compared to the industry in which it operates. International Paper Co. (IP) shares have gone up 54.66% during the last six months, with a year-to-date growth rate less than the industry average at -28.70% against -15.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -59.40% this quarter and then jump 4.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -0.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 4.7B as predicted by 6 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 4.8B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -29.18%. While earnings are projected to return -32.54% in 2024, the next five years will return 30.00% per annum.
IP Dividends
International Paper Co. is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for International Paper Co. is 1.85, with the dividend yield indicating at 3.34 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.72%.
International Paper Co. (NYSE:IP)’s Major holders
International Paper Co. insiders own 0.43% of total outstanding shares while institutional holders control 97.60%, with the float percentage being 98.03%. PRICE T ROWE ASSOCIATES INC /MD/ is the largest shareholder of the company, while 1174.0 institutions own stock in it. As of 2024-06-30, the company held over 46.91 million shares (or 13.5294% of all shares), a total value of $2.02 billion in shares.
The next largest institutional holding, with 40.67 million shares, is of VANGUARD GROUP INC’s that is approximately 11.7318% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.76 billion.
