International Paper Company (IP) : Traders are bullish on International Paper Company (IP) as it has outperformed the S&P 500 by a wide margin of 6.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.69%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.01% in the last 1 week, and is up 6.72% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 5.52% and the fifty day Moving Average is 10.44%. International Paper Company is up 17.26% in the last three month period. Year-to-Date the stock performance stands at 34.01%.
International Paper Company (IP) : Currently there are 10 street experts covering International Paper Company (IP) stock. The most bullish and bearish price target for the stock is $57 and $25 respectively for the short term. The average price target of all the analysts comes to $46.1. The estimated standard deviation from the target is $8.44.
International Paper Company (NYSE:IP): stock turned positive on Friday. Though the stock opened at $48.64, the bulls momentum made the stock top out at $49.7 level for the day. The stock recorded a low of $48.545 and closed the trading day at $48.89, in the green by 1.03%. The total traded volume for the day was 5,442,825. The stock had closed at $48.39 in the previous days trading.
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.