International Paper Company with ticker code (IP) have now 9 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 42 and 26 calculating the average target price we see $34.33. Given that the stocks previous close was at $32.32 this would indicate that there is a potential upside of 6.2%. Also worth taking note is the 50 day moving average now sits at $35.46 and the 200 day moving average is $37.02. The total market capitalization for the company now stands at $11,210m. Find out more information at: https://www.internationalpaper.com
The potential market cap would be $11,907m based on the market consensus.
International Paper Company produces renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through Industrial Packaging and Global Cellulose Fibers segment. The company’s Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. Its Global Cellulose Fibers segment provides fluff, market, and specialty pulps that are used in absorbent hygiene products, such as baby diapers, feminine care, adult incontinence, and other non-woven products; tissue and paper products; and non-absorbent end applications, including textiles, filtration, construction material, paints and coatings applications. In addition, it sells its products directly to end users and converters, as well as through agents, resellers, and distributors. The company was founded in 1898 and is headquartered in Memphis, Tennessee.
The company has a dividend yield of 5.72% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 7.13, revenue per share of 58.66 and a 4.71% return on assets.
