International Paper Co (NYSE:IP) reached a new 52-week low during trading on Thursday . The company traded as low as $41.70 and last traded at $41.69, with a volume of 275356 shares. The stock had previously closed at $43.20.

A number of equities research analysts have commented on IP shares. Goldman Sachs Group cut shares of International Paper from a “buy” rating to a “neutral” rating and set a $53.00 target price on the stock. in a research note on Wednesday, October 10th. Zacks Investment Research upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Wednesday, August 1st. ValuEngine cut shares of International Paper from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 3rd. Citigroup decreased their target price on shares of International Paper from $67.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, October 11th. Finally, Stephens set a $57.00 target price on shares of International Paper and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $61.50.

The stock has a market cap of $17.20 billion, a PE ratio of 12.10, a P/E/G ratio of 0.87 and a beta of 1.54. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.13 and a current 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 firm had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. International Paper had a net margin of 12.95% and a return on equity of 29.24%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. As a group, equities analysts expect that International Paper Co will post 5.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 14th. This represents a $2.00 annualized dividend and a dividend yield of 4.73%. This is a boost from International Paper’s previous quarterly dividend of $0.48. International Paper’s dividend payout ratio (DPR) is presently 54.44%.

International Paper announced that its board has initiated a stock repurchase plan on Tuesday, October 9th that authorizes the company to buyback $430.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

In related news, insider Timothy S. Nicholls sold 17,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $52.53, for a total value of $893,010.00. Following the completion of the transaction, the insider now directly owns 108,538 shares of the company’s stock, valued at $5,701,501.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeanmichel Ribieras sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $54.20, for a total transaction of $542,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,725 shares of company stock worth $2,484,864. Company insiders own 0.32% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd purchased a new position in International Paper during the second quarter worth $106,000. Private Capital Group LLC boosted its stake in International Paper by 227.0% during the first quarter. Private Capital Group LLC now owns 2,093 shares of the basic materials company’s stock worth $112,000 after buying an additional 1,453 shares during the period. Squar Milner Financial Services LLC purchased a new position in International Paper during the second quarter worth $125,000. Flagship Harbor Advisors LLC purchased a new position in International Paper during the second quarter worth $139,000. Finally, Vigilant Capital Management LLC boosted its stake in International Paper by 375.1% during the second quarter. Vigilant Capital Management LLC now owns 3,088 shares of the basic materials company’s stock worth $161,000 after buying an additional 2,438 shares during the period. 81.78% of the stock is owned by hedge funds and other institutional investors.

International Paper Company Profile (NYSE:IP)

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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