Headlines about International Paper (NYSE:IP) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. International Paper earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 60 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Achmea Investment Management BV Acquires New Stake in International Paper Company (IP) (thewestcoastsportsblog.com)
- International Paper Company Declares Quarterly Dividend of $0.46 (IP) (footballhebdo.com)
- International Paper Company (IP) Stake Reduced by SPC Financial Inc (campdesrecrues.com)
- International Paper Company (IP) Rating Reiterated by KeyCorp (lazeresportes.com)
- International Paper Company (NASDAQ:IP) To Report Earnings (latribunadecanarias.com)
Shares of International Paper (NYSE IP) traded down 4.78% during midday trading on Friday, reaching $54.74. The company’s stock had a trading volume of 6,280,646 shares. International Paper has a 52 week low of $43.55 and a 52 week high of $58.95. The company has a 50 day moving average of $56.61 and a 200-day moving average of $53.65. The stock has a market capitalization of $23.05 billion, a price-to-earnings ratio of 27.80 and a beta of 1.48.
International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. International Paper had a net margin of 3.73% and a return on equity of 27.09%. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts predict that International Paper will post $3.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.85 annualized dividend and a yield of 3.38%. International Paper’s payout ratio is currently 93.91%.
Several research analysts recently issued reports on IP shares. KeyCorp reissued a “hold” rating on shares of International Paper in a research note on Thursday. Jefferies Group LLC reissued a “buy” rating and issued a $63.00 price objective on shares of International Paper in a research note on Wednesday, April 12th. ValuEngine cut International Paper from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research raised International Paper from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of International Paper in a research note on Saturday, April 22nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $56.90.
About International Paper
International Paper Company 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’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.
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