IP Stock Forecast: All the More Reason to Consider International Paper Co. (IP) Now

International Paper Co. (NYSE: IP) is -2.46% lower on its value in year-to-date trading and has touched a low of $29.00 and a high of $39.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IP stock was last observed hovering at around $34.89 in the last trading session, with the day’s gains setting it 0.37%.

Currently trading at $35.26, the stock is -1.91% and -3.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.73 million and changing 1.06% at the moment leaves the stock 3.54% off its SMA200. IP registered -10.60% loss for a year compared to 6-month gain of -0.82%. The firm has a 50-day simple moving average (SMA 50) of $0.90 and a 200-day simple moving average (SMA200) of $8.31.

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The stock witnessed a -6.12% loss in the last 1 month and extending the period to 3 months gives it a 5.07%, and is 5.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.28% over the week and 2.23% over the month.

International Paper Co. (IP) has around Feb 21 2024 employees, a market worth around $12.20B and $18.92B in sales. Current P/E ratio is 41.08 and Fwd P/E is 12.65. Profit margin for the company is 1.60%. Distance from 52-week low is 21.57% and -11.07% from its 52-week high. The company has generated returns on investments over the last 12 months (2.14%).

International Paper Co. quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $4.57B over the same period.The EPS is expected to shrink by -1.32% this year, but quarterly earnings will post -0.70% year-over-year. Quarterly sales are estimated to shrink -8.40% in year-over-year returns.

International Paper Co. (IP) Top Institutional Holders

1,106 institutions hold shares in International Paper Co. (IP), with institutional investors hold 85.61% of the company’s shares. The shares outstanding are 350.30M, and float is at 341.75M with Short Float at 1.91%. Institutions hold 85.22% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 41.55 million shares valued at $1.32 billion. The investor’s holdings represent 12.01% of the IP Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 36.53 million shares valued at $1.16 billion to account for 10.56% of the shares outstanding. The other top investors are State Street Corporation which holds 23.4 million shares representing 6.76% and valued at over $744.49 million, while Price (T.Rowe) Associates Inc holds 4.92% of the shares totaling 17.02 million with a market value of $541.52 million.

International Paper Co. (IP) Insider Activity

A total of 2 insider transactions have happened at International Paper Co. (IP) in the last six months, with sales accounting for 1 and purchases happening 1 times. The most recent transaction is an insider sale by PLATH THOMAS J. ,the company’sSenior Vice President. SEC filings show that PLATH THOMAS J. sold 4,500 shares of the company’s common stock on Nov 27 at a price of $34.11 per share for a total of $0.15 million. Following the sale, the insider now owns 43253.0 shares.

International Paper Co. disclosed in a document filed with the SEC on Jul 28 that Goughnour Holly G. (Vice President & Controller) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Jul 28 and was made at $35.70 per share for $89262.0. Following the transaction, the insider now directly holds 8219.0 shares of the IP stock.

Still, SEC filings show that on Jun 16, Magness Allison B. (Senior Vice President) disposed off 3,300 shares at an average price of $31.75 for $0.1 million. The insider now directly holds 21,055 shares of International Paper Co. (IP).

International Paper Co. (IP): Who are the competitors?

The company’s main competitors (and peers) include Weyerhaeuser Co. (WY) that is trading -2.69% down over the past 12 months. Smurfit Kappa Group PLC (SK3) that is -19.83% lower over the same period.