Seaport Global analyst Mark Weintraub maintained a Hold rating on International Paper Co (IP – Research Report) today. The company’s shares closed yesterday at $38.84.
According to TipRanks, Weintraub is a 4-star analyst with an average return of 15.4% and an 80.70% success rate. Weintraub covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, Graphic Packaging, and Sonoco Products.
In addition to Seaport Global, International Paper Co also received a Hold from Wells Fargo’s Gabrial Hajde in a report issued on April 26. However, on the same day, Truist Financial reiterated a Buy rating on International Paper Co (NYSE: IP).
The company has a one-year high of $41.30 and a one-year low of $27.85. Currently, International Paper Co has an average volume of 6.18M.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IP in relation to earlier this year.
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 (IP) Company Description:
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. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Global Cellulose Fibers segment offers cellulose fibers product portfolio includes fluff, market, and specialty pulps. The Printing Papers segment includes manufacturing of the printing and writing papers. The company was founded by Hugh J. Chisholm in 1898 and is headquartered in Memphis, TN.
Read More on IP:
- Jefferies says Packaging matched International Paper containerboard price hike
- International Paper price target lowered to $37 from $42 at Wells Fargo
- International Paper reports Q1 adjusted EPS 17c, consensus 22c
- International Paper Reports First Quarter 2024 Results
- Unusually active option classes on open April 24th
