Goldman Sachs disclosed International Paper Company (NYSE:IP), upping its stock price target to $49.00 today
- Updated: September 24, 2016
In a statement issued on 9/22/2016 Goldman Sachs upped the target of International Paper Company (NYSE:IP) to $49.00 indicating a possible upside of 0.01%.
On 9/01/2016, Citigroup reported about International Paper Company (NYSE:IP) bumped up the target price from $49.00 to $53.00. At the time, this suggested an upside of 0.09%.
Having a price of $48.49, International Paper Company (NYSE:IP) traded 1.04% higher on the day. The last closing price is up 10.85% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. International Paper Company has recorded a 50-day average of $47.82 and a two hundred day average of $43.67. Volume of trade was up over the average, with 3,683,721 shares of IP changing hands over the typical 2,757,680
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International Paper Company has a price-earnings ratio of 26.22 with a one year low of $32.50 and a one year high of $49.90 IP’s total market value is presently $0.
A total of 15 brokerages have issued a ratings update on the company. 6 brokerages rating the stock a strong buy, 3 firms rating the stock a buy, 8 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $46.47.
General Information About International Paper Company (NYSE:IP)
International Paper Company (International Paper) is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company operates in three segments: Industrial Packaging, Printing Papers and Consumer Packaging. It is a manufacturer of containerboard in the United States. Its products include whitetop, recycled linerboard and saturating kraft. It is the producer of printing and writing papers. The products in Printing Papers segment include uncoated papers and pulp. Its uncoated papers engage in the business of producing papers for use in copiers, desktop and laser printers and digital imaging. Its uncoated papers are sold under private label and International Paper brand names that include Hammermill, Springhill, Ballet, Pol and Svetocopy. Its Everest, Fortress, and Starcote brands are used in packaging applications for everyday products, such as food and tobacco products.
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