Truist Financial analyst Michael Roxland maintained a Buy rating on International Paper Co (IP – Research Report) today. The company’s shares closed last Friday at $35.37.
According to TipRanks, Roxland is a 4-star analyst with an average return of 6.6% and a 60.78% success rate. Roxland covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, Avery Dennison, and O-I Glass.
In addition to Truist Financial, International Paper Co also received a Buy from Leerink Partners’s Whit Mayo in a report issued on April 15. However, on April 8, Jefferies maintained a Hold rating on International Paper Co (NYSE: IP).
The company has a one-year high of $41.28 and a one-year low of $27.85. Currently, International Paper Co has an average volume of 5.23M.
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:
- Mondi board decides DS Smith offer ‘not in best interests’ of shareholders
- UK Stocks: DS Smith (SMDS) Agrees to International Paper’s Takeover Offer, Rejects Mondi’s Bid
- International Paper to acquire DS Smith in transaction valued at $9.9B
- International Paper Announces Agreement to Acquire DS Smith
- International Paper put volume heavy and directionally bearish
