International Paper Co (IP) is Initiated by Goldman to Neutral

International Paper Co (IP) was Initiated by Goldman to “Neutral”. Goldman advised their investors in a research report released on Sep 22, 2016.

On the company’s financial health, International Paper Co reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.84. The company had revenue of $5322.00 million for the quarter, compared to analysts expectations of $5313.96 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.97 EPS.

International Paper Co closed down -0.97 points or -1.98% at $48.02 with 38,93,748 shares getting traded on Tuesday. Post opening the session at $49.18, the shares hit an intraday low of $48.02 and an intraday high of $49.47 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 15, 2016, Thomas G Kadien (Senior Vice President) sold 10,000 shares at $47.86 per share price. According to the SEC, on Sep 13, 2016, William P Hoel (Senior Vice President) sold 20,000 shares at $48.12 per share price. On Aug 8, 2016, Carol L Roberts (SVP & CFO) sold 12,256 shares at $46.20 per share price, according to the Form-4 filing with the securities and exchange commission.

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 segment’s 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 Packaging’s 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.

International Paper Co

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