International Paper Company (NYSE:IP) finished Wednesday with a subtraction of -$0.57 to close at $34.26, a downside of -1.64 percent. An average of 5,449,820 shares of common stock have been traded in the last five days. There was a fall of -$5.42 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 2,939,480 shares traded, while the 50-day average volume stands at 2,761,428.
IP stock has decreased by -19.39% in the last month. The company shares reached their 1-month lowest point of $34.24 on 09/21/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $34.43 and a high of $56.57 in 52 weeks. It has reached a new high 6 times so far this year and lost -27.08% or -$12.72 in price. In spite of this, the price is down -39.44% from the 52-week high.
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10 days have passed since International Paper Company (IP) last reported insider trading activity. INTERNATIONAL PAPER CO /NEW/, who is 10% Owner, most recently acquired $4,614,358 shares at $36.25 per share on Sep 12. In this transaction, the insider spent $167,270,478. Vice President & Controller, Goughnour Holly G., disposed of 2,155 shares at a price of $44.69 on Aug 16. The insider now owns more than $96,307 worth of shares. Prior to that, Senior Vice President Hamic William Thomas went on to Sale 3,630 shares at $47.72 each on May 16. An amount of $173,235 was transacted.
International Paper Company (IP) has a trailing price-to-earnings (P/E) ratio of 9.17. The stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.68, the price-to-book (PB) ratio at 1.39.
The quick ratio of International Paper Company for the three months ended June 29 was 1.20, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.58 and a total debt to equity ratio of 0.62 for the quarter ending June 29. Its gross profit as reported stood at $5.53 billion compared to revenue of $19.36 billion.
For the three-month period that ended June 29, International Paper Company had $5.28 billion in total debt. The analyst consensus anticipated International Paper Company’s latest quarter earnings to come in at $1.08 per share, but it turned out to be $1.24, a 14.80% surprise. For the quarter, EBITDA amounted to $841.0 million. Shareholders own equity worth $362.02 million.
From a technical analysis perspective, let’s take a brief look at International Paper Company (IP) price momentum. RSI 9-day as of the close on 21 September was 21.36%, suggesting the stock is oversold, with historical volatility in this time frame at 64.57%.
As of today, IP’s price is $36.10 -13.66% or -$5.42 from its 5-day moving average. IP is currently trading -19.92% lower than its 20-day SMA and -27.84% lower than its 100-day SMA. However, the stock’s current price level is -19.90% below the SMA50 and -26.24% below the SMA200.
The stochastic %K and %D were 9.13% and 10.62%, respectively, and the average true range (ATR) was 1.47. With the 14-day stochastic at 0.24% and the average true range at 1.32, the RSI (14) stands at 24.91%. The stock has reached -3.08 on the 9-day MACD Oscillator while the 14-day reading was at -4.07.
Jefferies downgraded International Paper Company (NYSE: IP) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for International Paper Company (IP) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell IP, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is IP’s price target for the next 12 months?
Analysts predict a range of price targets between $31.00 and $60.00, with a median target of $46.00. Taking a look at these predictions, the average price target given by analysts for International Paper Company (IP) stock is $44.82.