International Paper Company (IP) has an average broker rating of 2.58, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
International Paper Company (IP) : Currently there are 10 street experts covering International Paper Company (IP) stock. The most bullish and bearish price target for the stock is $62 and $25 respectively for the short term. The average price target of all the analysts comes to $48.3. The estimated standard deviation from the target is $9.93.
Also, CLSA maintains their rating on the shares of International Paper Company (NYSE:IP). The current rating of the shares is Underperform. Equity Analysts at the Firm raises the price target to $53 per share from $45 per share. The rating by the firm was issued on September 6, 2016.
International Paper Company (NYSE:IP): After opening at $47.52, the stock dipped to an intraday low of $47.44 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $48.41 and the buying power remained strong till the end. The stock closed at $48.25 for the day, a gain of 1.51% for the day session. The total traded volume was 2,459,451. The stocks close on the previous trading day was $47.53.
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.