Looking To Buy International Paper Company (IP)? Read This First

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International Paper Company (NYSE:IP) saw a downside of -1.92% to close Tuesday at $36.75 after subtracting -$0.72 on the day. The 5-day average trading volume is 2,236,680 shares of the company’s common stock. It has gained $37.88 in the past week and touched a new high 2 times within the past 5 days. An average of 2,625,365 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,048,766.

IP’s 1-month performance is 6.03% or $2.02 on its low of $34.15 reached on 12/28/22. The company’s shares have touched a 52-week low of $30.69 and high of $50.23, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, IP has achieved 6.12% or $2.12 and has reached a new high 7 times. However, the current price is down -26.84% from the 52-week high price.

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Insider Transactions

IP stock investors last saw insider trading activity on Nov 30.PLATH THOMAS J. (Senior Vice President) most recently sold 2,000 shares at $36.00 per share on Nov 30. This transaction cost the insider $72,000. Senior Vice President, Nicholls Timothy S, sold 7,500 shares at a price of $33.66 on Oct 31. Then, on Sep 12, 10% Owner INTERNATIONAL PAPER CO /NEW/ sold 4,614,358 shares at a price of $36.25 per share. This transaction amounted to $167,270,478.

Valuation Metrics

IP stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.60 while the price-to-book (PB) in the most recent quarter is 1.39.

International Paper Company’s quick ratio for the period ended September 29 was 1.00, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.50, while the total debt to equity was 0.57.. In terms of profitability, the gross margin trailing 12 months is 28.30%. The firm’s gross profit as reported stood at $5.53 billion against revenue of $19.36 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected IP to announce $1.21 per share in earnings in its latest quarter, but it posted $1.01, representing a -16.50% surprise. EBITDA for the quarter stood at more than $764.0 million. IP stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 15.38 billion, with total debt at $5.96 billion. Shareholders hold equity totaling $355.67 million.

Let’s look briefly at International Paper Company (IP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 48.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.11%.

The stock’s 5-day moving average is $37.06, reflecting a -2.10% or -$0.79 change from its current price. IP is currently trading +6.74% above its 20-day SMA, -12.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.63% and SMA200 by-19.57%.

Stochastic %K and %D was 64.45% and 67.24% and the average true range (ATR) pointed at 0.89. The RSI (14) points at 51.43%, while the 14-day stochastic is at 39.86% with the period’s ATR at 0.88. The stock’s 9-day MACD Oscillator is pointing at -0.14 and 0.05 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for International Paper Company (NYSE: IP), Deutsche Bank downgraded it to a Sell rating. They previously had a Hold rating on the stock. Analysts offering their rating for IP stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate IP as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is IP’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $25.00 and a high of $55.00, with their median price target at $32.00. Looking at these predictions, the average price target given by analysts is for International Paper Company (IP) stock is $34.32.

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