International Paper Company (IP) : The consensus on International Paper Company (IP) based on 12 analyst recommendation on the company stock is 2.58, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on International Paper Company (IP).
International Paper Company (IP) : Average target price received by International Paper Company (IP) is $45.6 with an expected standard deviation of $8.38. The most aggressive target on the stock is $57, whereas the most downbeat target is $25. 10 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. 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 $46.46 and $46.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.93, notching a gain of 1.25% for the day. The total traded volume was 2,688,093 . The stock had closed at $46.35 on the previous day.
In a related news,The officer (SVP & Pres., IP Latin America) of International Paper Co /New/, Landau Glenn R sold 10,000 shares at $43.28 on June 10, 2016. The Insider selling transaction had a total value worth of $432,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.