The stock of International Paper Co (NYSE:IP) is a huge mover today! About 1.50 million shares traded hands. International Paper Co (NYSE:IP) has risen 21.93% since March 3, 2016 and is uptrending. It has outperformed by 13.58% the S&P500.
The move comes after 7 months positive chart setup for the $19.55B company. It was reported on Oct, 6 by Barchart.com. We have $80.03 PT which if reached, will make NYSE:IP worth $13.10B more.
Analysts await International Paper Co (NYSE:IP) to report earnings on October, 26. They expect $0.95 earnings per share, down 2.06% or $0.02 from last year’s $0.97 per share. IP’s profit will be $387.57 million for 12.61 P/E if the $0.95 EPS becomes a reality. After $0.92 actual earnings per share reported by International Paper Co for the previous quarter, Wall Street now forecasts 3.26% EPS growth.
International Paper Co (NYSE:IP) Ratings Coverage
Out of 12 analysts covering International Paper Company (NYSE:IP), 1 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 8% are positive. International Paper Company has been the topic of 26 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Hold” rating in Thursday, September 17 report. Deutsche Bank maintained International Paper Co (NYSE:IP) rating on Wednesday, August 10. Deutsche Bank has “Hold” rating and $42 price target. The stock of International Paper Co (NYSE:IP) has “Equal-Weight” rating given on Monday, May 2 by Barclays Capital. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Monday, April 25 report. The company was maintained on Monday, February 8 by Credit Suisse. The firm has “Neutral” rating by Buckingham Research given on Tuesday, August 25. Citigroup maintained International Paper Co (NYSE:IP) on Tuesday, August 2 with “Neutral” rating. The rating was initiated by Macquarie Research with “Neutral” on Tuesday, November 10. On Tuesday, May 3 the stock rating was downgraded by Jefferies to “Hold”. Credit Suisse downgraded the stock to “Neutral” rating in Thursday, April 28 report.
According to Zacks Investment Research, “International Paper Co. is a global paper and forest products company that is complemented by an extensive distribution system. The company produces printing and writing papers, pulp, tissue, paperboard and packaging and wood products. The company also manufacture specialty chemicals and specialty panels and laminated products. Its primary markets and manufacturing and distribution operations are in the United States, Europe and the Pacific Rim.”
Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.17, from 1.23 in 2016Q1. The ratio dived, as 56 funds sold all International Paper Co shares owned while 222 reduced positions. 62 funds bought stakes while 234 increased positions. They now own 330.54 million shares or 4.04% less from 344.44 million shares in 2016Q1.
Highbridge Cap Management Ltd Com has 9,000 shares for 0.01% of their US portfolio. Kistler has 357 shares for 0.01% of their US portfolio. Co Financial Bank accumulated 0.01% or 15,918 shares. Amer Intl Gp accumulated 223,973 shares or 0% of the stock. Riggs Asset Managment last reported 310 shares in the company. 1832 Asset L P holds 455 shares or 0% of its portfolio. Norinchukin Commercial Bank The, a Japan-based fund reported 42,867 shares. State Of Alaska Department Of Revenue accumulated 32,460 shares or 0.14% of the stock. Ubs Asset Mngmt Americas Incorporated owns 1.03 million shares or 0.05% of their US portfolio. Hotchkis And Wiley Mgmt Limited Liability Corp accumulated 1.02% or 5.63 million shares. Bessemer holds 0% or 17,710 shares in its portfolio. Tcw Gru Incorporated last reported 30,150 shares in the company. Mitchell Mcleod Pugh And Williams holds 6,985 shares or 0.27% of its portfolio. Deere And owns 18,501 shares or 0.04% of their US portfolio. Mufg Americas holds 31,689 shares or 0.05% of its portfolio.
Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 6 insider sales for $3.33 million net activity. Nicholls Timothy S had sold 13,000 shares worth $555,160 on Friday, June 3. $962,474 worth of International Paper Co (NYSE:IP) shares were sold by Hoel William P. Roberts Carol L sold $566,194 worth of stock. 3,216 shares with value of $137,886 were sold by Amick W. Michael Jr. on Wednesday, May 11. $629,112 worth of shares were sold by Kadien Thomas G on Friday, May 13.
Another recent and important International Paper Co (NYSE:IP) news was published by Forbes.com which published an article titled: “International Paper Reaches Analyst Target Price” on September 13, 2016.
IP Company Profile
International Paper Company (International Paper), incorporated on June 23, 1941, is a paper and packaging firm with primary markets and manufacturing activities in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. In the United States, the Company has operated over 20 pulp, paper and packaging mills, approximately 170 converting and packaging plants, approximately 20 recycling plants and approximately three bag facilities. Production facilities in Europe, Asia, Africa, India, Latin America and South America include approximately 20 pulp, paper and packaging mills, approximately 70 converting and packaging plants, and approximately two recycling plants. The Firm operates a printing and packaging products distribution business primarily through over 10 branches in Asia. The Firm sells packaging products, paper products and other products directly to end users and converters, as well as through agents, resellers and paper distributors.
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