Stephens set a $66.00 price target on International Paper (NYSE:IP) in a research report sent to investors on Wednesday morning. The firm currently has a hold rating on the basic materials company’s stock.

Several other research analysts have also commented on IP. Zacks Investment Research lowered International Paper from a hold rating to a sell rating in a research report on Tuesday, September 26th. KeyCorp restated a hold rating on shares of International Paper in a research report on Tuesday, January 2nd. Barclays boosted their price objective on International Paper from $50.00 to $52.00 and gave the company an underweight rating in a research report on Monday, October 30th. BMO Capital Markets restated a buy rating and set a $62.00 price objective on shares of International Paper in a research report on Friday, November 24th. Finally, Bank of America upgraded International Paper from a neutral rating to a buy rating and set a $66.00 price objective for the company in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. International Paper presently has an average rating of Hold and an average target price of $63.25.

International Paper (NYSE IP) opened at $62.26 on Wednesday. The company has a market capitalization of $25,696.52, a P/E ratio of 28.69, a PEG ratio of 1.45 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97. International Paper has a 12-month low of $49.60 and a 12-month high of $62.44.

International Paper (NYSE:IP) last issued its earnings results on Wednesday, October 25th. The basic materials company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.04 by $0.04. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.85 billion. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. research analysts expect that International Paper will post 3.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.90 dividend on an annualized basis and a yield of 3.05%. International Paper’s dividend payout ratio is currently 87.56%.

A number of large investors have recently added to or reduced their stakes in the stock. AXA boosted its position in International Paper by 21.5% during the 2nd quarter. AXA now owns 49,703 shares of the basic materials company’s stock worth $2,814,000 after acquiring an additional 8,787 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in International Paper by 34.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,674 shares of the basic materials company’s stock worth $265,000 after acquiring an additional 1,188 shares during the period. Raymond James Trust N.A. boosted its position in International Paper by 3.5% during the 2nd quarter. Raymond James Trust N.A. now owns 13,020 shares of the basic materials company’s stock worth $737,000 after acquiring an additional 435 shares during the period. Teachers Advisors LLC boosted its position in International Paper by 29.7% during the 2nd quarter. Teachers Advisors LLC now owns 1,688,450 shares of the basic materials company’s stock worth $95,583,000 after acquiring an additional 386,744 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in International Paper by 5.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,475,439 shares of the basic materials company’s stock worth $140,135,000 after acquiring an additional 124,137 shares during the period. Institutional investors and hedge funds own 81.85% of the company’s stock.

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International Paper Company Profile

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’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

Analyst Recommendations for International Paper (NYSE:IP)

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