International Paper Company (IP) : 4 brokerage houses believe that International Paper Company (IP) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on International Paper Company (IP). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.58.
International Paper Company (IP) : The most positive equity analysts on International Paper Company (IP) expects the shares to touch $57, whereas, the least positive believes that the stock will trade at $25 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $44.7 with an expected fluctuation of $8.14 from the mean.
International Paper Company (NYSE:IP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.69 and $41.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.96, notching a gain of 0.48% for the day. The total traded volume was 3,467,402 . The stock had closed at $41.76 on the previous day.
Also, Brokerage firm Jefferies downgrades its rating on International Paper Company (NYSE:IP). As per the latest information, the brokerage house lowers the price target to $47 per share from a prior target of $51. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 3, 2016. The company shares have dropped -10.81% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $49.49 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $41.99 and the 200 Day Moving Average price is recorded at $39.40.
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 segments 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 Packagings 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.