Stephens set a $57.00 price objective on International Paper (NYSE:IP) in a report released on Tuesday. The brokerage currently has a hold rating on the basic materials company’s stock.

Several other research firms have also recently weighed in on IP. BMO Capital Markets raised International Paper from a market perform rating to an outperform rating and increased their price target for the company from $65.00 to $70.00 in a report on Wednesday, June 6th. Zacks Investment Research raised International Paper from a hold rating to a buy rating and set a $64.00 price target on the stock in a report on Tuesday, June 5th. Royal Bank of Canada raised International Paper from a sector perform rating to an outperform rating and increased their price target for the company from $65.69 to $67.00 in a report on Wednesday, June 6th. Deutsche Bank assumed coverage on International Paper in a report on Monday, June 18th. They set a hold rating and a $64.00 price target on the stock. Finally, MED lowered their price target on International Paper from $65.00 to $64.00 and set a hold rating on the stock in a report on Monday, June 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $64.38.

IP stock opened at $53.24 on Tuesday. The company has a market capitalization of $21.41 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 1.06 and a beta of 1.50. International Paper has a 12-month low of $50.00 and a 12-month high of $66.94. The company has a current ratio of 1.57, a quick ratio of 1.13 and a debt-to-equity ratio of 1.57.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.10. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. International Paper had a return on equity of 29.24% and a net margin of 12.95%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. analysts forecast that International Paper will post 5.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Wednesday, August 15th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $1.90 annualized dividend and a dividend yield of 3.57%. International Paper’s payout ratio is 54.44%.

In other news, insider Timothy S. Nicholls sold 17,000 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $52.53, for a total value of $893,010.00. Following the completion of the sale, the insider now directly owns 108,538 shares in the company, valued at approximately $5,701,501.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider W. Michael Jr. Amick sold 10,930 shares of the company’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $55.86, for a total value of $610,549.80. Following the completion of the sale, the insider now owns 29,844 shares of the company’s stock, valued at $1,667,085.84. The disclosure for this sale can be found here. Insiders have sold a total of 42,930 shares of company stock worth $2,296,610 over the last three months. Insiders own 0.32% of the company’s stock.

Several large investors have recently bought and sold shares of IP. Qube Research & Technologies Ltd purchased a new stake in shares of International Paper in the 2nd quarter worth $106,000. Private Capital Group LLC increased its stake in shares of International Paper by 227.0% in the 1st quarter. Private Capital Group LLC now owns 2,093 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 1,453 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in shares of International Paper in the 1st quarter worth $119,000. Signaturefd LLC purchased a new stake in shares of International Paper in the 1st quarter worth $120,000. Finally, Squar Milner Financial Services LLC purchased a new stake in shares of International Paper in the 2nd quarter worth $125,000. Hedge funds and other institutional investors own 82.20% of the company’s stock.

About International Paper

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Analyst Recommendations for International Paper (NYSE:IP)

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