DA Davidson Downgrades International Paper Co to Neutral

Brokerage firm DA Davidson Downgrades its rating on International Paper Co(IP). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by DA Davidson was issued on Feb 3, 2017.

In a different note, On Jan 26, 2017, Citigroup said it Upgrades its rating on International Paper Co. The shares have been rated ‘Buy’ by the firm. On Jan 25, 2017, BMO Capital said it Upgrades its rating on International Paper Co. The shares have been rated ‘Outperform’ by the firm. On Jan 20, 2017, Jefferies said it Upgrades its rating on International Paper Co. According to the research note, Jefferies Raises the price target to $65 per share from a prior target of $55. The shares have been rated ‘Buy’ by the firm.

International Paper Co (IP) made into the market gainers list on Tuesdays trading session with the shares advancing 1.03% or 0.53 points. Due to strong positive momentum, the stock ended at $52.13, which is also near the day’s high of $52.66. The stock began the session at $51.91 and the volume stood at 46,06,236 shares. The 52-week high of the shares is $58.86 and the 52 week low is $32.8605. The company has a current market capitalization of $21,437 M and it has 41,12,13,410 shares in outstanding.

International Paper Co(IP) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $5.381B. Analysts had an estimated revenue of $5.330B. Earnings per share were $0.73. Analysts had estimated an EPS of $0.71.

Several Insider Transactions has been reported to the SEC. On Dec 13, 2016, Thomas G Kadien (Senior Vice President) sold 10,000 shares at $53.33 per share price.Also, On Dec 12, 2016, Sharon R. Ryan (SVP, GC and Corp Secretary) sold 4,871 shares at $53.47 per share price.On Dec 12, 2016, Carol L Roberts (SVP & CFO) sold 8,113 shares at $53.59 per share price, according to the Form-4 filing with the securities and exchange commission.

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America Europe Latin America Russia Asia Africa and the Middle East. The Company operates in three segments: Industrial Packaging Printing Papers and Consumer Packaging. Industrial Packaging segment’s products include linerboard medium whitetop recycled linerboard recycled medium and saturating kraft. Printing Papers segment products include uncoated papers which engage in the business of producing papers for use in copiers desktop and laser printers and pulp which manufactures printing writing and specialty papers tissue products and filtration products. Consumer Packaging’s coated paperboard business produces coated paperboard for packaging and commercial printing end uses. Its foodservice business produces cups lids food containers and plates. Its brands include Hammermill Springhill Accent Ballet Rey Pol Everest Fortress and Carolina.

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