International Paper Company Com (NYSE:IP):
International Paper to Release Third-Quarter 2016 Earnings On October 27, 2016.
In the market the company is trading up by 1.28% since yesterday’s close of $47.5.
International Paper Company Com recently declared a dividend that was paid on Thursday September 15th, 2016. The dividend was $0.440 per share for the quarter or $1.76 annualized. This dividend amount represented a yeild of $3.64. The ex-dividend date was set for Thursday the 11th of August 2016.
It is trading at $48.11 just above $47.90, the 50 day moving average and which is marginally higher than the 200 day moving average of $43.86. The 50 day moving average was up $0.21 or +0.44% and the 200 day average went up by +9.68%.
International Paper Company Com currently has a P/E ratio of 26.06 and market cap is 19.78B. As of the latest earnings report the EPS was $1.85 and is expected to be $3.49 for the current year with 411,201,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.83 and the next full year EPS is projected to be $3.83.
Brokerages have released opinions on International Paper Company Com of late. On September 22 analysts at Goldman Sachs starting coverage on IP with an initial rating of “Neutral” and a price target of $49.00. August 31 investment analysts at Citigroup left the company rating at “Neutral” and raised the price expectation to $53.00 from $36.00.
On July 29 Jefferies maintained a company rating of “Hold” but raised the price target from $44.00 to $49.00. Equity analyst Jefferies lowered the price target and downgraded the stock on May 3 changing the price target from $47.00 to $44.00 and setting the rating at “Equal-weight” which had previously been “Buy”.
On May 3 the stock rating was downgraded to “Equal-weight” from “Buy” and a price target of $44.00 was set by Jefferies. May 2 investment analysts at Barclays kept the stock rating at “Equal-weight” but moved up the price target from $38.00 to $44.00.