KeyBanc analyst Adam Josephson maintained a Hold rating on International Paper Co (IP) yesterday. The company’s shares closed yesterday at $43.77.
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 9.1% and a 69.7% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as Avery Dennison Corp, Graphic Packaging, and Clearwater Paper.
Currently, the analyst consensus on International Paper Co is a Moderate Buy with an average price target of $53.25, which is a 21.7% upside from current levels. In a report issued on June 24, Stephens also downgraded the stock to Hold with a $60 price target.
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Based on International Paper Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.64 billion and net profit of $424 million. In comparison, last year the company earned revenue of $5.83 billion and had a net profit of $405 million.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock.
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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.
