Deutsche Bank Maintains International Paper Co to Hold with Price Target $50.00

Brokerage firm Deutsche Bank Maintains its rating on International Paper Co(NYSE:IP). In a research note issued to the investors, the brokerage major Raises the price-target to $50.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Sep 23, 2016.

In a different note, Goldman Sachs said it Initiates Coverage on International Paper Co, according to a research note issued on Sep 22, 2016. The shares have been rated ‘Neutral’ by the firm. On Sep 6, 2016, CLSA said it Maintains its rating on International Paper Co. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Underperform’ by the firm. On Sep 1, 2016, Citigroup said it Maintains its rating on International Paper Co. In the research note, the firm Raises the price-target to $49.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 31, 2016, Citigroup said it Maintains its rating on International Paper Co. In the research note, the firm Raises the price-target to $49.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 10, 2016, Deutsche Bank said it Maintains its rating on International Paper Co. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 2, 2016, Citigroup said it Maintains its rating on International Paper Co. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Neutral’ by the firm.

International Paper Co (IP) made into the market gainers list on Tuesdays trading session with the shares advancing 0.30% or 0.14 points. Due to strong positive momentum, the stock ended at $47.5, which is also near the day’s high of $47.69. The stock began the session at $47.36 and the volume stood at 26,58,123 shares. The 52-week high of the shares is $49.899 and the 52 week low is $32.5. The company has a current market capitalization of $19,532 M and it has 41,12,01,990 shares in outstanding.

International Paper Co(IP) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.32B. Analysts had an estimated revenue of $5.31B. Earnings per share were $0.92. Analysts had estimated an EPS of $0.84.

Several Insider Transactions has been reported to the SEC. On Sep 15, 2016, Thomas G Kadien (Senior Vice President) sold 10,000 shares at $47.86 per share price.Also, On Sep 13, 2016, William P Hoel (Senior Vice President) sold 20,000 shares at $48.12 per share price.On Aug 8, 2016, Carol L Roberts (SVP & CFO) sold 12,256 shares at $46.20 per share price, according to the Form-4 filing with the securities and exchange commission.

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 segment’s 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 Packaging’s 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.

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