International Paper Company [NYSE: IP] loss -0.09% on the last trading session, reaching $32.69 price per share at the time. The company report on November 1, 2022 that International Paper’s Approach to Healthy and Abundant Forests.
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International Paper’s Global Fiber Procurement Policy is the foundation of our commitment to healthy and abundant forests. We recognize that sustainably managed forests maintain and enhance economic, social and environmental value for the benefit of present and future generations. We are committed to producing the products our customers need while being a responsible steward of the world’s natural resources.
Our approach begins with responsible fiber sourcing, including performing due diligence, validating origin, performing second party verification through ForSite™ and engaging our wood suppliers and forestland owners on sustainable management practices. We operate a transparent fiber procurement system consistent with our Core Values of Safety, Ethics and Stewardship.
International Paper Company represents 367.60 million in outstanding shares, while the company has a total market value of $11.54 billion with the latest information. IP stock price has been found in the range of $32.39 to $33.07.
If compared to the average trading volume of 3.37M shares, IP reached a trading volume of 2923021 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about International Paper Company [IP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IP shares is $34.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IP stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Deutsche Bank have made an estimate for International Paper Company shares, keeping their opinion on the stock as Sell, with their previous recommendation back on October 18, 2022. While these analysts kept the previous recommendation, Jefferies dropped their target price from $40 to $31. The new note on the price target was released on September 16, 2022, representing the official price target for International Paper Company stock. Previously, the target price had yet another drop from $58 to $47, while Wells Fargo kept a Equal Weight rating on IP stock. On June 21, 2022, analysts decreased their price target for IP shares from 53 to 46.
The Average True Range (ATR) for International Paper Company is set at 1.04, with the Price to Sales ratio for IP stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 2.77.
Trading performance analysis for IP stock
International Paper Company [IP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.91. With this latest performance, IP shares dropped by -0.55% in over the last four-week period, additionally sinking by -32.05% over the last 6 months – not to mention a drop of -34.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IP stock in for the last two-week period is set at 43.04, with the RSI for the last a single of trading hit 43.95, and the three-weeks RSI is set at 41.40 for International Paper Company [IP]. The present Moving Average for the last 50 days of trading for this stock 35.50, while it was recorded at 33.27 for the last single week of trading, and 42.75 for the last 200 days.
International Paper Company [IP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and International Paper Company [IP] shares currently have an operating margin of +7.64 and a Gross Margin at +22.97. International Paper Company’s Net Margin is presently recorded at +5.79.
Return on Equity for this stock inclined to 13.25, with Return on Assets sitting at 3.94.
International Paper Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.60.
International Paper Company [IP]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for International Paper Company go to 19.20%.
An analysis of insider ownership at International Paper Company [IP]
There are presently around $10,304 million, or 89.50% of IP stock, in the hands of institutional investors. The top three institutional holders of IP stocks are: VANGUARD GROUP INC with ownership of 43,354,772, which is approximately -1.728% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 35,463,200 shares of the stock with an approximate value of $1.16 billion in IP stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $909.81 million in IP stock with ownership of nearly -0.446% of the company’s market capitalization.
Positions in International Paper Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 374 institutional holders increased their position in International Paper Company [NYSE:IP] by around 20,976,261 shares. Additionally, 393 investors decreased positions by around 16,024,040 shares, while 163 investors held positions by with 278,199,721 shares. The mentioned changes placed institutional holdings at 315,200,022 shares, according to the latest SEC report filing. IP stock had 82 new institutional investments in for a total of 2,572,194 shares, while 100 institutional investors sold positions of 3,807,329 shares during the same period.