International Paper Company (NYSE:IP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.58 by 12 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Jefferies, downgrades their rating on the shares of International Paper Company (NYSE:IP). Jefferies has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $47 per share from a prior target of $51. The rating by the firm was issued on May 3, 2016.
International Paper Company (NYSE:IP) shares are expected to touch $44.7 in the short term. This short term price target has been shared by 10 analysts. However, the standard deviation of short term price estimate has been valued at 8.14. The target price could hit $57 on the higher end and $25 on the lower end.
International Paper Company (NYSE:IP) witnessed a decline in the market cap on Tuesday as its shares dropped 0.54% or 0.23 points. After the session commenced at $42.85, the stock reached the higher end at $42.87 while it hit a low of $42.43. With the volume soaring to 1,729,255 shares, the last trade was called at $42.45. The company has a 52-week high of $50.44. The company has a market cap of $17,454 million and there are 411,174,340 shares in outstanding. The 52-week low of the share price is $32.5.
Shares of International Paper Company rose by 1.73% in the last five trading days and 6.12% for the last 4 weeks. International Paper Company is up 3.94% in the last 3-month period. Year-to-Date the stock performance stands at 15.27%.
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.