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 5.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.56%, 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 3.1% in the last 1 week, and is up 3.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.06% and the 50-Day Moving Average is 6.31%.The 200 Day SMA reached 21.57% International Paper Company is up 18.34% in the last 3-month period. Year-to-Date the stock performance stands at 34.84%.
International Paper Company (IP) : The consensus price target for International Paper Company (IP) is $48.3 for the short term with a standard deviation of $9.93. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $62, however, the pessimist price target for the company is $25.
For the current week, the company shares have a recommendation consensus of Buy. International Paper Company (NYSE:IP): The stock opened at $49.04 and touched an intraday high of $49.86 on Friday. During the day, the stock corrected to an intraday low of $48.71, however, the bulls stepped in and pushed the price higher to close in the green at $49.19 with a gain of 1.95% for the day. The total traded volume for the day was 5,135,241. The stock had closed at $49.19 in the previous trading session.
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.