In a report released today, Adam Josephson from KeyBanc maintained a Hold rating on International Paper Co (IP). The company’s shares opened today at $47.43.
Josephson commented:
“We are maintaining our 2019 adj. EBITDA estimate of $4.3 billion (at the low end of guidance $4.3 billion-$4.4 billion) and introducing a 2020 estimate of $4.2 billion (consensus is at $4.33 billion). For 1Q19, IP appears to be guiding to ~$843 million of EBITDA, well below previous guidance of $1.022 billion partly because of the aforementioned substantial “operations & costs” drags. Consequently, its year will be back-half-weighted, as will its competitor WRK’s. We are raising our 2019 EPS estimate to $5.37 from $5.34 on account of lower interest expense and lower shares outstanding.”
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 8.6% and a 65.7% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as Avery Dennison Corp, Graphic Packaging, and Clearwater Paper.
International Paper Co has an analyst consensus of Hold, with a price target consensus of $49.20.
See today’s analyst top recommended stocks >>
The company has a one-year high of $63.32 and a one-year low of $37.55. Currently, International Paper Co has an average volume of 3.5M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
International Paper Co. engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers.
