Champion International Paper (IP) Given Consensus Rating of “Hold” by Analysts

Shares of Champion International Paper (NYSE:IP) have been given a consensus rating of “Hold” by the eighteen ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $63.00.

A number of analysts have issued reports on IP shares. KeyCorp reaffirmed a “hold” rating on shares of Champion International Paper in a research note on Tuesday, January 2nd. ValuEngine downgraded Champion International Paper from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Barclays raised their target price on Champion International Paper from $52.00 to $55.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. DA Davidson raised their target price on Champion International Paper to $74.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Stephens set a $66.00 target price on Champion International Paper and gave the stock a “hold” rating in a research note on Wednesday, January 10th.

How to Become a New Pot Stock Millionaire

NYSE IP traded up $0.53 during mid-day trading on Wednesday, hitting $53.75. The stock had a trading volume of 1,625,727 shares, compared to its average volume of 2,826,299. Champion International Paper has a twelve month low of $49.93 and a twelve month high of $66.94. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.17 and a current ratio of 1.62. The company has a market cap of $21,976.70, a P/E ratio of 15.40, a P/E/G ratio of 1.14 and a beta of 1.51.

Champion International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.08. Champion International Paper had a return on equity of 29.05% and a net margin of 9.36%. The firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the company earned $0.67 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. sell-side analysts predict that Champion International Paper will post 4.9 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the stock. BTC Capital Management Inc. increased its position in shares of Champion International Paper by 2.2% during the 4th quarter. BTC Capital Management Inc. now owns 39,656 shares of the basic materials company’s stock worth $2,305,000 after purchasing an additional 841 shares during the last quarter. Lynch & Associates IN increased its position in shares of Champion International Paper by 2.6% during the 4th quarter. Lynch & Associates IN now owns 35,059 shares of the basic materials company’s stock worth $2,031,000 after purchasing an additional 877 shares during the last quarter. Advisor Partners LLC increased its position in shares of Champion International Paper by 9.4% during the 4th quarter. Advisor Partners LLC now owns 10,461 shares of the basic materials company’s stock worth $664,000 after purchasing an additional 897 shares during the last quarter. Tarbox Family Office Inc. increased its position in shares of Champion International Paper by 7.6% during the 4th quarter. Tarbox Family Office Inc. now owns 12,976 shares of the basic materials company’s stock worth $752,000 after purchasing an additional 911 shares during the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Champion International Paper by 6.1% during the 4th quarter. Flinton Capital Management LLC now owns 16,016 shares of the basic materials company’s stock worth $928,000 after purchasing an additional 924 shares during the last quarter. 82.62% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Champion International Paper (IP) Given Consensus Rating of “Hold” by Analysts” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://www.chaffeybreeze.com/2018/04/16/champion-international-paper-ip-given-consensus-rating-of-hold-by-analysts.html.

Champion International Paper Company Profile

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

Analyst Recommendations for Champion International Paper (NYSE:IP)

Receive News & Ratings for Champion International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Champion International Paper and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply