Stephens & Co. Begins Coverage on International Paper Company (IP) With A Rating Of “Equal-Weight”


International Paper Company (NYSE:IP).

On July 13 the stock rating was upgraded to “Buy” from “Neutral” by Goldman Sachs.

In the market the company is trading up by 0.02% percent from yesterday’s close. The company declared a dividend for shareholders that will be paid on Friday the 15th of December 2017. The dividend will be $0.475 per share for the quarter or $1.90 on an annualized basis. The dividend yield will be $3.30. The ex-dividend date will be Friday August 11th, 2017.

Shares of the company are trading at $58.26 just above $56.86, the stock’s 50 day moving average and slightly over the 200 day moving average of $54.93. The 50 day moving average moved up $1.40 and the 200 day average went up $3.33 or +6.06%.

International Paper Company, launched on June 23, 1941, 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 Business’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging. As of December 31, 2016, the Company operated 29 pulp, paper and packaging mills, 170 converting and packaging plants, 16 recycling plants and three bag facilities in the United States. As of December 31, 2016, the production facilities in Canada, Europe, Asia, Africa, India, Latin America included 17 pulp, paper and packaging mills, 68 converting and packaging plants, and two recycling plants. As of December 31, 2016, the Company operated a printing and packaging products distribution business principally through 12 branches in Asia. The Company sells packaging products, paper products and other products directly to end users and converters, as well as through agents, resellers and paper distributors..

The P/E ratio is currently 29.59 and the market cap is 24.06B. As of the latest earnings report the EPS was $1.97 and is projected to be $3.47 for the current year with 412,915,000 shares now outstanding. Next quarter’s EPS is estimated at $1.15 with next year’s EPS projected to be $4.31.

Short traders are feeling a little more bearish of late if you take into consideration the increase in short interest. The firm saw a rise in short interest of 6.23% between September 15, 2017 and September 29, 2017. Short interest increased 371,820 over that timeframe. The short-interest ratio decreased to 3.0 and the short interest percentage is 0.02% as of September 29.