In today’s session International Paper Co (IP) recorded an unusually high (112) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious IP decrease. With 112 contracts traded and 4194 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: IP170120P00047000 closed last at: $1.03 or 3.7% down. About 897,299 shares traded hands. International Paper Co (NYSE:IP) has risen 14.00% since April 25, 2016 and is uptrending. It has outperformed by 7.99% the S&P500.
Analysts await International Paper Co (NYSE:IP) to report earnings on February, 1 before the open. They expect $0.71 EPS, down 18.39% or $0.16 from last year’s $0.87 per share. IP’s profit will be $292.80 million for 17.16 P/E if the $0.71 EPS becomes a reality. After $0.91 actual EPS reported by International Paper Co for the previous quarter, Wall Street now forecasts -21.98% negative EPS growth.
International Paper Co (NYSE:IP) Ratings Coverage
Out of 12 analysts covering International Paper Company (NYSE:IP), 1 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 8% are positive. International Paper Company has been the topic of 27 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Hold” on Thursday, September 17. The stock has “Neutral” rating given by Citigroup on Wednesday, August 31. The stock of International Paper Co (NYSE:IP) earned “Equal-Weight” rating by Barclays Capital on Monday, May 2. As per Monday, April 25, the company rating was downgraded by RBC Capital Markets. Credit Suisse downgraded the stock to “Neutral” rating in Thursday, April 28 report. The stock of International Paper Co (NYSE:IP) earned “Neutral” rating by Goldman Sachs on Thursday, September 22. Citigroup maintained the stock with “Neutral” rating in Tuesday, August 2 report. Jefferies downgraded it to “Hold” rating and $47 target price in Tuesday, May 3 report. The firm earned “Underperform” rating on Tuesday, October 18 by Macquarie Research. The rating was upgraded by Buckingham Research to “Neutral” on Tuesday, August 25.
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 increased to 1.23 in Q2 2016. Its up 0.17, from 1.06 in 2016Q1. The ratio increased, 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.
Northern Corp holds 4.74M shares or 0.07% of its portfolio. Diam Limited holds 0.02% of its portfolio in International Paper Co (NYSE:IP) for 37,315 shares. The New York-based Ingalls Snyder Limited Liability Company has invested 0.19% in International Paper Co (NYSE:IP). Cranbrook Wealth Llc has invested 0% of its portfolio in International Paper Co (NYSE:IP). Tokio Marine Asset Company has 0.13% invested in the company for 29,949 shares. Essex Fincl Svcs Inc holds 0.05% of its portfolio in International Paper Co (NYSE:IP) for 4,864 shares. Bessemer owns 17,710 shares or 0% of their US portfolio. Fny Managed Accounts Ltd Limited Liability Company holds 0% or 500 shares in its portfolio. Ifc Inc Fl holds 0.05% or 10,816 shares in its portfolio. Moreover, Brookfield Asset Management has 0% invested in International Paper Co (NYSE:IP) for 4,679 shares. Rnc Cap Mngmt accumulated 2.82% or 713,026 shares. Ig Inv Mngmt Ltd has 0.01% invested in the company for 42,234 shares. Pinnacle Associates Ltd last reported 0.01% of its portfolio in the stock. Lazard Asset Management Ltd Liability Corporation reported 581,558 shares or 0.06% of all its holdings. Grassi Invest accumulated 165,700 shares or 1.33% of the stock.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 4 insider sales for $2.56 million net activity. $962,474 worth of International Paper Co (NYSE:IP) shares were sold by Hoel William P. The insider Kadien Thomas G sold $478,631. On Friday, June 3 the insider Nicholls Timothy S sold $555,160. Another trade for 12,256 shares valued at $566,194 was made by Roberts Carol L on Monday, August 8.
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 $20.10 billion. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. It has a 23.28 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.
More notable recent International Paper Co (NYSE:IP) news were published by: Bloomberg.com which released: “Booming Diaper Use Drives $2.2 Billion International Paper Deal” on May 02, 2016, also Forbes.com with their article: “International Paper Reaches Analyst Target Price” published on September 13, 2016, Forbes.com published: “Ex-Dividend Reminder: SunCoke Energy Partners, Terra Nitrogen and …” on November 08, 2016. More interesting news about International Paper Co (NYSE:IP) were released by: Thestreet.com and their article: “International Paper (IP) Stock Closed Up Amid Takeover Speculation” published on August 10, 2016 as well as Marketwatch.com‘s news article titled: “International Paper sees weak packaging demand” with publication date: July 28, 2016.
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