Goldman Sachs Group Inc. announced International Paper Co (NYSE:IP), bumping up its stock price target to $49.00 today
- Updated: September 21, 2016
Just yesterday International Paper Co (NYSE:IP) traded 0.98% higher at $48.49. International Paper Co’s 50-day moving average is $47.68 and its 200-day moving average is $43.57. The last closing price is up 11.29% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 3,215,060 shares of IP traded hands, up from an average trading volume of 2,690,370
In a report released on 9/22/2016 Goldman Sachs Group Inc. increased the stock price target of International Paper Co (NYSE:IP) to $49.00 reporting a possible upside of 0.01%.
Previously on 9/1/2016, Citigroup reported on International Paper Co (NYSE:IP) increased the target price from $49.00 to $53.00. At the time, this indicated a possible upside of 0.09%.
Recent Performance Chart
International Paper Co has price-earnings ratio of 26.27 with a one year low of $32.50 and a one year high of $49.90 and has a total market value of $0.
A total of 15 analysts have released a report on International Paper Co. Six analysts rating the company a strong buy, three analysts rating the company a buy, eight analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $46.47.
More About International Paper Co (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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