It is Poised to be a Bull Market for International Paper Co. (IP)

With 3.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.51 million shares. The 52-week range on IP shows that it touched its highest point at $41.28 and its lowest point at $29.00 during that stretch. It currently has a 1-year price target of $37.70. With its current market cap of 13.40 billion, IP has annualized dividend of $1.85 while the current yield stands at 4.78%. Beta for the stock currently stands at 0.99.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IP was down-trending over the past week, with a drop of -5.26%, but this was up by 10.41% over a month. Three-month performance surged to 7.05% while six-month performance rose 9.11%. The stock gained 9.82% in the past year, while it has gained 7.05% so far this year. A look at the trailing 12-month EPS for IP yields 0.86 with Next year EPS estimates of 2.80. For the next quarter, that number is 0.22. This implies an EPS growth rate of -1.12% for this year and 30.95% for next year. EPS is expected to grow by 19.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -29.18%.

Float and Shares Shorts:

At present, 346.04 million IP shares are outstanding with a float of 341.56 million shares on hand for trading. On Mar 15, 2024, short shares totaled 8.98 million, which was 2.59% higher than short shares on Feb 15, 2024. In addition to Mr. Mark Stephan Sutton as the firm’s Chairman & CEO, Mr. Timothy S. Nicholls serves as its Senior VP & CFO.

Institutional Ownership:

Through their ownership of 84.06% of IP’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.