Short Term Price Target on International Paper Company (IP)

International Paper Company (NYSE:IP) : The most positive equity analysts on International Paper Company (NYSE: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 $44.7 with an expected fluctuation of $8.14 from the mean.

International Paper Company has dropped 2.1% in the last five trading days, however, the shares have posted positive gains of 0.64% in the last 4 weeks. International Paper Company is up 4.55% in the last 3-month period. Year-to-Date the stock performance stands at 15.08%. Also, Major Brokerage house, Jefferies downgrades its ratings on International Paper Company (NYSE:IP). In the latest research report, Jefferies lowers the target price from $51 per share to $47 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 3, 2016.

International Paper Company (NYSE:IP) : 12 analysts are covering International Paper Company (NYSE: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.

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 $41.31 and $41.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.38, notching a gain of 2.94% for the day. The total traded volume was 3,104,974 . The stock had closed at $41.17 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP & Pres., IP Latin America) of International Paper Co /New/, Landau Glenn R had sold 10,000 shares worth of $432,800 in a transaction dated June 10, 2016. In this transaction, 10,000 shares were sold at $43.28 per share.

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.

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