In today’s session International Paper Co (IP) recorded an unusually high (3,010) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious IP decrease. With 3,010 contracts traded and 2354 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: IP161118P00044000 closed last at: $0.82 or 24.1% down. About 397,740 shares traded hands. International Paper Co (NYSE:IP) has risen 19.58% since March 15, 2016 and is uptrending. It has outperformed by 14.10% the S&P500.
Analysts await International Paper Co (NYSE:IP) to report earnings on October, 26. They expect $0.95 EPS, down 2.06% or $0.02 from last year’s $0.97 per share. IP’s profit will be $394.56 million for 12.43 P/E if the $0.95 EPS becomes a reality. After $0.92 actual EPS reported by International Paper Co for the previous quarter, Wall Street now forecasts 3.26% EPS growth.
International Paper Co (NYSE:IP) Ratings Coverage
Out of 12 analysts covering International Paper Company (NYSE:IP), 1 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 8% are positive. $60 is the highest target while $42 is the lowest. The $47 average target is -0.51% below today’s ($47.24) stock price. International Paper Company has been the topic of 26 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, April 25 by RBC Capital Markets. The firm has “Neutral” rating by Buckingham Research given on Tuesday, August 25. Macquarie Research initiated it with “Neutral” rating and $43 target price in Tuesday, November 10 report. The firm has “Equal-Weight” rating given on Friday, January 8 by Barclays Capital. The firm has “Neutral” rating given on Wednesday, August 31 by Citigroup. The rating was downgraded by Jefferies to “Hold” on Tuesday, May 3. Credit Suisse downgraded International Paper Co (NYSE:IP) on Thursday, April 28 to “Neutral” rating. The company was maintained on Monday, May 2 by Barclays Capital. The firm earned “Hold” rating on Wednesday, August 10 by Deutsche Bank. The rating was initiated by Goldman Sachs with “Neutral” on Thursday, September 22.
According to Zacks Investment Research, “International Paper Co. is a global paper and forest products company that is complemented by an extensive distribution system. The company produces printing and writing papers, pulp, tissue, paperboard and packaging and wood products. The company also manufacture specialty chemicals and specialty panels and laminated products. Its primary markets and manufacturing and distribution operations are in the United States, Europe and the Pacific Rim.”
Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.17, from 1.23 in 2016Q1. The ratio dived, as 56 funds sold all International Paper Co shares owned while 222 reduced positions. 62 funds bought stakes while 234 increased positions. They now own 330.54 million shares or 4.04% less from 344.44 million shares in 2016Q1.
Webster Bank N A has 0.17% invested in the company for 27,731 shares. Deprince Race And Zollo last reported 752,080 shares in the company. Td Management Limited Liability Corporation holds 5,053 shares or 0.07% of its portfolio. Tiaa Cref Management Ltd Com last reported 1.54M shares in the company. Ls Invest Advsrs has 20,471 shares for 0.06% of their US portfolio. Haverford Trust accumulated 0.01% or 5,907 shares. Palladium Prtnrs Lc holds 0.02% of its portfolio in International Paper Co (NYSE:IP) for 4,829 shares. Brown Brothers Harriman And Com has 0% invested in the company for 11,195 shares. The Ontario – Canada-based Sun Life Fincl Inc has invested 0.11% in International Paper Co (NYSE:IP). Tower Rech Lc (Trc) holds 0% of its portfolio in International Paper Co (NYSE:IP) for 52 shares. Gam Ag accumulated 0.04% or 57,377 shares. Brown Advisory last reported 11,603 shares in the company. The Georgia-based Marshwinds Advisory has invested 0.17% in International Paper Co (NYSE:IP). Toronto Dominion Bancorp holds 0% or 10,279 shares in its portfolio. First Quadrant Lp Ca has 0.05% invested in the company for 49,100 shares.
Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 6 insider sales for $3.33 million net activity. On Thursday, September 15 the insider Kadien Thomas G sold $478,631. 13,000 shares were sold by Nicholls Timothy S, worth $555,160. $137,886 worth of International Paper Co (NYSE:IP) was sold by Amick W. Michael Jr. on Wednesday, May 11. Hoel William P had sold 20,000 shares worth $962,474 on Tuesday, September 13. $566,194 worth of International Paper Co (NYSE:IP) shares were sold by Roberts Carol L.
International Paper Company is a paper and packaging firm with primary markets and manufacturing activities in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The company has a market cap of $19.62 billion. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. It has a 25.27 P/E ratio. It is a maker of containerboard in the United States.
IP Company Profile
International Paper Company (International Paper), incorporated on June 23, 1941, is a paper and packaging firm with primary markets and manufacturing activities in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. In the United States, the Company has operated over 20 pulp, paper and packaging mills, approximately 170 converting and packaging plants, approximately 20 recycling plants and approximately three bag facilities. Production facilities in Europe, Asia, Africa, India, Latin America and South America include approximately 20 pulp, paper and packaging mills, approximately 70 converting and packaging plants, and approximately two recycling plants. The Firm operates a printing and packaging products distribution business primarily through over 10 branches in Asia. The Firm sells packaging products, paper products and other products directly to end users and converters, as well as through agents, resellers and paper distributors.
Another recent and important International Paper Co (NYSE:IP) news was published by Blogs.Wsj.com which published an article titled: “CFO Moves: S&P Global, Hyperloop One, International Paper” on October 14, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.