The International Paper Company (NYSE:IP) is going down by -2.15% in today’s trading session, a fall equivalent to -1.02% of the stock’s price from yesterday’s market close. A news came out on 11/20/19 stating that /C O R R E C T I O N — International Paper/ by WSJ. The lowest point that the shares touched during the trading session was $47.05, while the peak of the day was recorded at a share price of $47.64. IP finished the previous session at $47.42 according to the data provided by Barchart, while the trading volume was observed to be $1094277.
In the 100 days of trading, IP managed to top a 42.27% Moving average. Additionally, International Paper Company shares have achieved a 52-week range between 36.45 and 48.24 alongside 100 days raw stochastic set at 89.54%.
The number of shares outstanding, according to the fundamentals of the company, is set at 392.60M, equal to the value of $18.62B in market capitalization. In the last 30 days, International Paper Company shares went down by -2.46%, adding 47.64 to growth in value, on top of a +4.12% boost since 11/08/19.
International Paper Company (NYSE:IP) Analyst’s Estimates
International Paper Company (IP) could record at least $1.03 per share in quarterly earnings in the upcoming report on 01/30/2020, a number that would actually represent an increase of 3.82 YOY.
According to the average analyst rating, International Paper Company would be rated as Hold. Out of 15 different analysts monitoring IP stock, 4 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 0 indicate that IP is an OVERWEIGHT, 2 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On December 10, 2019, the stock earned a Downgrade rating due to a new analyst call from Goldman, while analysts from Exane BNP Paribas believe that the stock is set at Outperform, as concluded on December 02, 2019. KeyBanc Capital Markets, is still rather wary about the stock, deciding to keep the rating at Underweight as confirmed through a call on July 15, 2019.
Stephens, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on June 24, 2019, giving the stock a Equal-Weight from the Overweight rating.
IP Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +27.71% has been attained, while the operating margin has been recorded at +12.86%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 4.94%. Beta value of the stock is recorded at 1.53. Additionally, International Paper Company is recording price volatility of 1.58% for the period of the last seven days and 1.61% in the last 30 days.
International Paper Company (NYSE:IP) Technical Outlook
For the period of the last 50 days, International Paper Company had its Raw Stochastic average set at 87.43% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 61.13%. Stochastic %K for International Paper Company, with the last 20 days included, was set at 82.25%, having Stochastic %D topping 80.29%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for International Paper Company stocks with recording 17.49% in metrics.
International Paper Company Insider Watch:
Similarly, 83.74% of the company’s float is held by institutions – and there are 1,155 institutions in total holding shares of this company. The top three institutional holders of IP stocks are: Vanguard Group, Inc. (The) with ownership of $1.65 billion, which is approximately 39485722 of the company’s shares; Blackrock Inc., holding 38302283 shares of the stock with an approximate value of $1.6 billion; and State Street Corporation, currently with more than 25139940 shares of the company valued at $1.05 billion. Positions in International Paper Company stocks held by institutional investors has been changing actively in the past six months, a period during which there were 1 insider purchases amounting to 1600 shares. Similarly, there were 3 sale transactions amounting to 75507 shares, with the net shares purchased during the last six months reaching -73,907.