Date | Price Target | Rating | Analyst |
---|---|---|---|
8/14/2024 | $52.00 | Hold → Buy | Argus |
7/9/2024 | $48.70 | Hold | Stifel |
6/28/2024 | $52.00 | Neutral → Buy | Seaport Research Partners |
5/23/2024 | $38.00 → $57.00 | Hold → Buy | Jefferies |
3/4/2024 | $37.00 → $42.00 | Underperform → Buy | BofA Securities |
2/26/2024 | Buy → Hold | Argus | |
1/8/2024 | Neutral | Exane BNP Paribas | |
9/27/2023 | $26.00 → $33.00 | Underperform → Hold | Jefferies |
Argus upgraded Int'l Paper from Hold to Buy and set a new price target of $52.00
Stifel initiated coverage of Int'l Paper with a rating of Hold and set a new price target of $48.70
Seaport Research Partners upgraded Int'l Paper from Neutral to Buy and set a new price target of $52.00
International Paper Co (NYSE:IP) shares are trading lower after the company reported second-quarter FY24 sales growth of 1.1% year-on-year to $4.73 billion, missing the analyst consensus estimate of $4.78 billion. Net sales from Industrial Packaging rose 1.2% Y/Y to $3.9 billion, Global Cellulose Fibres grew 2.7% to $717 million, and Corporate and Inter-segment declined 14%. Selling and administrative expenses rose 34.8% to $453 million. Adjusted EPS of $0.55 beat the analyst consensus of $0.41. Business segment operating income for the quarter was $322 million, with the margin at 6.8%. The company held $1.04 billion in cash and equivalents as of June-end. Cash provided by operat
International Paper (NYSE:IP) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.41 by 48.78 percent. This is a 3.39 percent increase over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $4.73 billion which missed the analyst consensus estimate of $4.78 billion by 0.96 percent. This is a 1.11 percent increase over sales of $4.68 billion the same period last year.
Throughout the last three months, 8 analysts have evaluated International Paper (NYSE:IP), offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 3 0 0 Last 30D 1 0 0 0 0 1M Ago 2 0 2 0 0 2M Ago 2 0 1 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated International Paper and provided 12-month price targets. The average target is $50.09, accompanied by a high estimate of $57.00 and a low estimate of $41.00. Marking an increase
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MEMPHIS, Tenn., July 9, 2024 /PRNewswire/ -- International Paper (NYSE:IP) today declared a quarterly dividend of $0.4625 per share for the period from July 1, 2024 to September 30, 2024, inclusive, on the common stock, par value $1.00, of the Company, payable on September 16, 2024 to holders of record at the close of business on August 15, 2024. Today, the company also declared a quarterly dividend of $1.00 per share for the period from July 1, 2024 to September 30, 2024, inclusive, on the cumulative $4.00 preferred stock of the Company, payable on September 16, 2024 to holde
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION MEMPHIS, Tenn., June 25, 2024 /PRNewswire/ -- The boards of International Paper Company ("International Paper") and DS Smith Plc ("DS Smith") are pleased to announce the expiration of the waiting period under the Hart-Scott-Rodino Act (the "HSR Act") for the proposed combination of DS Smith with International Paper. This is an important step in the consummation of the proposed combination as the expiration removes the HSR Act's bar to closing. Completion of the Combination remains subject to the satisfaction or wai
MEMPHIS, Tenn., May 14, 2024 /PRNewswire/ -- International Paper (NYSE:IP) today declared a quarterly dividend of $0.4625 per share for the period from April 1, 2024, to June 30, 2024, inclusive, on the common stock, par value $1.00, of the Company, payable on June 14, 2024, to holders of record at the close of business on May 24, 2024. Today, the company also declared a quarterly dividend of $1.00 per share for the period from April 1, 2024, to June 30, 2024, inclusive, on the cumulative $4.00 preferred stock of the Company, payable on June 14, 2024, to holders of record at t
IP's Board of Directors Recommends IP Shareholders Vote "FOR" the Proposal MEMPHIS, Tenn., Sept. 12, 2024 /PRNewswire/ -- International Paper (NYSE:IP, ", IP", ))) today announced that it has filed with the U.S. Securities and Exchange Commission (the "SEC") a definitive proxy statement on Schedule 14A (including any amendments and supplements thereto, the "Definitive Proxy Statement") in connection with its pending acquisition of DS Smith Plc (LSE: DSS, "DS Smith") (the "Combination"). All shareholders of record of IP common stock as of the close of business on Thursday, Sept
CEO Andy Silvernail elected Chairman of the Board of DirectorsMark Sutton to retire from the Board of Directors September 30, 2024 MEMPHIS, Tenn., Sept. 10, 2024 /PRNewswire/ -- International Paper (NYSE:IP) today announced that its board of directors elected Andy Silvernail as Chairman of the International Paper Board of Directors in addition to his role as Chief Executive Officer (CEO), effective October 1, 2024. Mark Sutton, who has continued to serve in the role of Chairman of the Board since retiring as CEO in May, will retire from the Board on September 30, 2024. Intern
Tom Hamic named Executive Vice President and President of North American Packaging Solutions MEMPHIS, Tenn., Aug. 26, 2024 /PRNewswire/ -- Today, International Paper (NYSE:IP) announced its Board of Directors elected Tom Hamic to a newly created role: Executive Vice President and President of North American Packaging Solutions, reporting to CEO Andy Silvernail. Effective September 1, Hamic will be responsible for leading the company's Container and Containerboard businesses in North America. "Tom is a strategic and effective leader with a long track record of success," said S
MEMPHIS, Tenn., Aug. 7, 2024 /PRNewswire/ -- International Paper (IP) reaffirms its dedication to conserving forest ecosystems, nature and biodiversity with a $15.3 million investment to renew strategic alliances with key conservation partners, including the American Forest Foundation (AFF), National Fish and Wildlife Foundation (NFWF), The Nature Conservancy (TNC) and World Wildlife Fund (WWF). These collaborations are pivotal to IP's business strategy and Vision 2030 goal to conserve and restore 1 million acres of ecologically significant forestland. Experience the interactive Multimedia News Release here: https://www.multivu.com/players/English/9283251-international-paper-conservation-pa
Jamie A. Beggs and Scott A. Tozier to Join as Newest Board Members Ilene S. Gordon to Retire from the Board MEMPHIS, Tenn., May 22, 2024 /PRNewswire/ -- International Paper ("IP") (NYSE:IP) announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board of Directors, effective May 21, 2024. The company also announced that Ilene S. Gordon has retired from the Board citing personal and health reasons, effective May 21, 2024. Ms. Beggs, age 47, currently serves as Senior Vice President and Chief Financial Officer of Avient Corporation (NYSE:AVNT), a premier pr
AUSTIN, Texas, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Atlas Technical Consultants (Atlas), a leading infrastructure and environmental solutions provider, announced today the appointment of Jacqueline (Jacque) Hinman as Chief Executive Officer. Hinman replaces retiring Chief Executive Officer L. Joe Boyer. Ms. Hinman has 35 years of career engineering industry experience, which includes serving for nearly 20 years with Fortune 500 engineering company CH2M, most recently as Chairman and CEO prior to its acquisition in 2017. She also served as President of several CH2M divisions. For six years, Ms. Hinman was with Tyco Earth Tech Division as Senior Vice President. She began her career at CH2M b