.png "International Paper Co (NYSE: IP)")
Today, the SVP, GC and Corp Secretary of International Paper Co (NYSE: IP), Sharon Ryan, sold shares of IP for $793.1K.
Following Sharon Ryan’s last IP Sell transaction on December 12, 2016, the stock climbed by 2.0%.
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Based on International Paper Co’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $5.83 billion and quarterly net profit of $405 million. In comparison, last year the company earned revenue of $5.77 billion and had a net profit of $80 million. IP’s market cap is $21.63B and the company has a P/E ratio of 7.39. Currently, International Paper Co has an average volume of 840.9K.
Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $61.86, reflecting a -14.5% downside. Three different firms, including Barclays and Dundee, currently also have a Sell rating on the stock.
The insider sentiment on International Paper Co has been negative according to 40 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Sharon Ryan’s trades have generated a -7.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
