International Paper Co (NYSE: IP) is -12.97% lower on its value in year-to-date trading and has touched a low of $33.16 and a high of $60.36 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 $46.20 in the last trading session, with the day’s gains setting it 0.64%.
Currently trading at $46.84, the stock is -8.54% and -11.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.34 million and changing 1.39% at the moment leaves the stock -8.76% off its SMA200. IP registered 22.46% gain for a year compared to 6-month gain of -0.55%. The firm has a 50-day simple moving average (SMA 50) of $53.036 and a 200-day simple moving average (SMA200) of $51.3397.
The stock witnessed a -7.03% loss in the last 1 month and extending the period to 3 months gives it a -13.40%, and is -2.38% down 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 8.99% over the week and 4.69% over the month.
International Paper Co (IP) has around 37000 employees, a market worth around $24.73B and $18.62B in sales. Current P/E ratio is 29.77 and Fwd P/E is 12.73. Profit margin for the company is 2.99%. Distance from 52-week low is 41.25% and -22.40% from its 52-week high. The company has generated returns on investments over the last 12 months (3.49%).
The EPS is expected to grow by 134.18% this year.
International Paper Co (IP) Top Institutional Holders
1271.0 institutions hold shares in International Paper Co (IP), with institutional investors hold 78.04% of the company’s shares. The shares outstanding are 527.88M, and float is at 522.38M with Short Float at 8.00%. Institutions hold 77.78% of the Float.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 46.91 million shares valued at $2.02 billion. The investor’s holdings represent 13.5294% of the IP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 40.67 million shares valued at $1.76 billion to account for 11.7318 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 33.23 million shares representing 9.568% and valued at over $1.43 billion, while STATE STREET CORP holds 6.3125 of the shares totaling 21.92 million with a market value of $945.99 million.
International Paper Co (IP) Insider Activity
The most recent transaction is an insider sale by SULLIVAN KATHRYN D, the company’s Director. SEC filings show that SULLIVAN KATHRYN D sold 600 shares of the company’s common stock on Nov 29 ’24 at a price of $58.39 per share for a total of $35034.0. Following the sale, the insider now owns 37145.0 shares.
Still, SEC filings show that on Nov 15 ’24, SULLIVAN KATHRYN D (Director) disposed off 600 shares at an average price of $56.19 for $33714.0. The insider now directly holds 37,745 shares of International Paper Co (IP).
