Monthly Stock Report: International Paper Company (IP)
Publication Date: September 22, 2024
Company Overview
International Paper Company (IP) is a leading entity in the Consumer Cyclical sector, particularly within the Packaging & Containers industry. Founded in 1898 and headquartered in Memphis, TN, the company specializes in renewable fiber-based packaging and pulp products. Its extensive product line includes linerboard, medium, and specialty pulps that cater to various applications, including personal care and construction materials. The company maintains a robust market presence, distributing its products directly to end users and through various agents, resellers, and distributors across North America, Latin America, Europe, and North Africa.
Market Potential and Financial Performance
The Packaging & Containers industry offers a promising investment landscape, supported by an impressive total revenue of $18.57 billion. Analysts recommend a “buy” with a target high price set at $56.00 per share, indicating substantial potential for returns as the market experiences growth and adapts to emerging consumer demands. Currently, IP has 347,379,008 shares outstanding, with approximately 14.79% of its float being sold short, reflecting a cautious but optimistic investor sentiment. The current stock price is $48.71, which lies between a 52-week high of $50.68 and a low of $31.77. This positioning close to its recent peak suggests strong market interest and bullish momentum.
Investment Outlook
With analysts offering a favorable outlook, the stock’s price target range highlights significant upward movement potential. The mean target price is $49.79, while the median target is $48.70, pointing to a consensus on its valuation. A “buy” recommendation is further supported by a mean analyst score of 2.5 from nine contributors. The fifty-day moving average of $46.91 also indicates current trading above this average, suggesting strong price momentum. Investors looking at International Paper Company may find this stock an appealing opportunity amid positive projections and solid analyst support.
| Metric | Value |
|---|---|
| Market Cap | $16.9b |
| Total Debt | $6.0b |
| Total Cash | $1.0b |
| Shares Outstanding | 347.4m |
| Float Shares | 345.3m |
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