International Paper (IP) Receives Daily News Sentiment Rating of 3.00

Media coverage about International Paper (NYSE:IP) has been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. International Paper earned a coverage optimism score of 3.00 on their scale. InfoTrie also assigned news articles about the basic materials company an news buzz score of 5 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have effected International Paper’s ranking:

International Paper stock traded up $0.36 on Friday, hitting $46.18. The company’s stock had a trading volume of 3,017,850 shares, compared to its average volume of 4,382,852. The firm has a market capitalization of $18.47 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 0.90 and a beta of 1.53. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.59 and a quick ratio of 1.13. International Paper has a one year low of $39.60 and a one year high of $66.94.

International Paper (NYSE:IP) last announced its quarterly earnings results on Thursday, October 25th. The basic materials company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.09. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.90 billion. International Paper had a net margin of 13.68% and a return on equity of 29.75%. Analysts predict that International Paper will post 5.31 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Thursday, November 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Wednesday, November 14th. This is a positive change from International Paper’s previous quarterly dividend of $0.48. International Paper’s payout ratio is 57.31%.

International Paper announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 9th that allows the company to repurchase $430.00 million in outstanding shares. This repurchase authorization allows the basic materials company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research reaffirmed a “buy” rating and set a $51.00 target price on shares of International Paper in a research report on Tuesday. Barclays dropped their target price on shares of International Paper from $45.00 to $44.00 and set an “underweight” rating on the stock in a research report on Monday, October 29th. Argus dropped their target price on shares of International Paper from $70.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Deutsche Bank set a $55.00 price target on shares of International Paper and gave the company a “hold” rating in a report on Monday, October 29th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $55.00 price target on shares of International Paper in a report on Tuesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $58.07.

In other news, insider Timothy S. Nicholls sold 17,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $52.53, for a total value of $893,010.00. Following the sale, the insider now owns 108,538 shares in the company, valued at approximately $5,701,501.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeanmichel Ribieras sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $54.20, for a total transaction of $542,000.00. The disclosure for this sale can be found here. Insiders sold a total of 31,725 shares of company stock worth $1,691,814 in the last three months. Insiders own 0.32% of the company’s stock.

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International Paper Company Profile

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Insider Buying and Selling by Quarter for International Paper (NYSE:IP)

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