The stock of International Paper Co (NYSE: IP) has decreased by -1.70 when compared to last closing price of 57.66.Despite this, the company has seen a loss of -1.53% in its stock price over the last five trading days. zacks.com reported 2024-10-31 that IP’s Q3 earnings decline year over year, reflecting lower volumes in both segments and elevated costs. The company is on track with the DS Smith acquisition.
Is It Worth Investing in International Paper Co (NYSE: IP) Right Now?
The price-to-earnings ratio for International Paper Co (NYSE: IP) is 48.20x, which is above its average ratio. Moreover, the 36-month beta value for IP is 1.00. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 7 as “hold,” and 1 as “sell.”
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The public float for IP is 342.03M and currently, short sellers hold a 12.94% of that float. On November 12, 2024, IP’s average trading volume was 4.41M shares.
IP’s Market Performance
IP’s stock has seen a -1.53% decrease for the week, with a 17.89% rise in the past month and a 22.90% gain in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 2.22% for International Paper Co. The simple moving average for the past 20 days is 8.84% for IP’s stock, with a 31.53% simple moving average for the past 200 days.
Analysts’ Opinion of IP
Many brokerage firms have already submitted their reports for IP stocks, with Argus repeating the rating for IP by listing it as a “Buy.” The predicted price for IP in the upcoming period, according to Argus is $52 based on the research report published on August 14, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see IP reach a price target of $48.70. The rating they have provided for IP stocks is “Hold” according to the report published on July 09th, 2024.
Seaport Research Partners gave a rating of “Buy” to IP, setting the target price at $52 in the report published on June 28th of the current year.
IP Trading at 13.88% from the 50-Day Moving Average
After a stumble in the market that brought IP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.77% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares surge +18.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.65% upper at present.
During the last 5 trading sessions, IP fell by -1.53%, which changed the moving average for the period of 200-days by +54.36% in comparison to the 20-day moving average, which settled at $52.08. In addition, International Paper Co saw 56.79% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IP starting from SULLIVAN KATHRYN D, who sale 600 shares at the price of $53.50 back on Oct 31 ’24. After this action, SULLIVAN KATHRYN D now owns 38,345 shares of International Paper Co, valued at $32,100 using the latest closing price.
SULLIVAN KATHRYN D, the Director of International Paper Co, sale 600 shares at $48.08 during a trade that took place back on Oct 15 ’24, which means that SULLIVAN KATHRYN D is holding 38,945 shares at $28,848 based on the most recent closing price.
Stock Fundamentals for IP
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.24 for the gross margin
The net margin for International Paper Co stands at 0.02. The total capital return value is set at 0.03. Equity return is now at value 4.80, with 1.78 for asset returns.
Based on International Paper Co (IP), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 2.64.
Currently, EBITDA for the company is 2.23 billion with net debt to EBITDA at 2.71. When we switch over and look at the enterprise to sales, we see a ratio of 1.31. The receivables turnover for the company is 5.98for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
To wrap up, the performance of International Paper Co (IP) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
