International Paper Company (IP) : The most positive equity analysts on International Paper Company (IP) expects the shares to touch $57, whereas, the least positive believes that the stock will trade at $25 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $47 with an expected fluctuation of $9.12 from the mean.
International Paper Company (IP) : 12 analysts are covering International Paper Company (IP) and their average rating on the stock is 2.58, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Deutsche Bank maintains its view on International Paper Company (NYSE:IP) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank raises the price target from $40 per share to $42 per share on International Paper Company. The rating by the firm was issued on August 10, 2016.
International Paper Company (NYSE:IP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.59 and $48.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.71, notching a gain of 0.45% for the day. The total traded volume was 2,112,686 . The stock had closed at $48.49 on the previous day.
International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company operates in three segments: Industrial Packaging, Printing Papers and Consumer Packaging. Industrial Packaging segments products include linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft. Printing Papers segment products include uncoated papers, which engage in the business of producing papers for use in copiers, desktop and laser printers and pulp, which manufactures printing, writing and specialty papers, tissue products and filtration products. Consumer Packagings coated paperboard business produces coated paperboard for packaging and commercial printing end uses. Its foodservice business produces cups, lids, food containers and plates. Its brands include Hammermill, Springhill, Accent, Ballet, Rey, Pol, Everest, Fortress and Carolina.