International Paper Company with ticker code (IP) have now 9 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 44 and 30 with the average target price sitting at $37.67. Given that the stocks previous close was at $34.66 this indicates there is a potential upside of 8.7%. The day 50 moving average is $37.09 and the 200 moving average now moves to $37.86. The company has a market capitalization of $12,397m. You can visit the company’s website by visiting: https://www.internationalpaper.com
The potential market cap would be $13,474m 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 5.34% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 7.4, revenue per share of 58.22 and a 4.95% return on assets.
