International Paper Co. (NYSE:IP) shares, rose in value on Thursday, April 04, with the stock price up by 0.82% to the previous day’s close as strong demand from buyers drove the stock to $39.39.
Actively observing the price movement in the recent trading, the stock is buoying the session at $39.07. The value of beta (5-year monthly) is 0.98 whereas the PE ratio is 45.89 over 12-month period. Referring to stock’s 52-week performance, its high was $41.28, and the low was $29.00. On the whole, IP has fluctuated by 9.87% over the past month.
With the market capitalization of International Paper Co. currently standing at about $13.64 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024. The company’s Forward Dividend Ratio is 1.85, with its dividend yield at 4.70%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.22, which is expected to increase to $0.71 for fiscal year $2.19 and then to about $2.84 by fiscal year 2025. Data indicates that the EPS growth is expected to be 1.40% in 2025, while the next year’s EPS growth is forecast to be 29.70%.
Analysts have estimated the company’s revenue for the quarter at $4.56 billion, with a low estimate of $4.32 billion and a high estimate of $4.9 billion. According to the average forecast, sales growth in current quarter could jump down -8.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $18.75 billion, representing a decrease of -0.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that IP’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.39, with the price of IP currently trading nearly 4.20% and 8.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.29, while the 7-day volatility ratio is showing 2.43% which for the 30-day chart, stands at 3.11%. Furthermore, International Paper Co. (IP)’s beta value is 0.99, and its average true range (ATR) is 1.15.
A comparison of International Paper Co. (IP) with its peers suggests the former has fared considerably weaker in the market. IP showed an intraday change of 0.82% in today’s session so far, and over the past year, it grew by 9.54%%.
Data on historical trading for International Paper Co. (NYSE:IP) indicates that the trading volumes over the past 10 days have averaged 6.75 million and over the past 3 months, they’ve averaged 4.54 million. According to company’s latest data on outstanding shares, there are 346.04 million shares outstanding.
Nearly 1.38% of International Paper Co.’s shares belong to company insiders and institutional investors own 86.14% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.98 million shares as on Mar 15, 2024, resulting in a short ratio of 2.06. According to the data, the short interest in International Paper Co. (IP) stood at 2.59% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.28 million. The stock has risen by 8.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IP stock heading into the next quarter.
