International Paper Company (NYSE: IP)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Friday.
The analysts wrote, “International Paper (IP) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
IP has been the subject of a number of other recent research reports. Analysts at RBC Capital upgraded shares of International Paper Company from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday. They now have a $52.00 price target on the stock, up previously from $40.00. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of International Paper Company in a research note to investors on Thursday. They now have a $55.00 price target on the stock, up previously from $48.00. Finally, analysts at Longbow Research upgraded shares of International Paper Company from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $56.00 price target on the stock.
International Paper Company traded up 0.73% on Friday, hitting $44.33. International Paper Company has a 52-week low of $27.29 and a 52-week high of $44.74. The stock’s 50-day moving average is currently $41.92. The company has a market cap of $19.292 billion and a price-to-earnings ratio of 24.42.
International Paper Company last released its earnings data on Tuesday, January 29th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.06. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter last year, the company posted $0.66 earnings per share. International Paper Company’s revenue was up 11.1% compared to the same quarter last year. Analysts expect that International Paper Company will post $3.78 EPS for the current fiscal year.
International Paper Company (International Paper) is a global paper and packaging company, with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.
To view TheStreet’s full report, visit www.thestreetratings.com
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