With 3.23 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.54 million shares. During the session, the Packaging & Containers company that operates in wider Consumer Cyclical sector, reached to the highest price of $55.35 whereas the lowest price it dropped to was $53.86. The 52-week range on IP shows that it touched its highest point at $60.36 and its lowest point at $32.70 during that stretch. It currently has a 1-year price target of $58.16. With its current market cap of 19.06 billion, IP has annualized dividend of $1.85 while the current yield stands at 3.37%. Beta for the stock currently stands at 1.00.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IP was down-trending over the past week, with a drop of -3.26%, but this was down by -4.27% over a month. Three-month performance surged to 12.65% while six-month performance rose 20.97%. The stock gained 52.18% in the past year, while it has gained 51.76% so far this year. A look at the trailing 12-month EPS for IP yields 1.18 with Next year EPS estimates of 3.02. For the next quarter, that number is -0.08. This implies an EPS growth rate of -47.72% for this year and 167.35% for next year. EPS is expected to grow by 17.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -29.18%.
Float and Shares Shorts:
At present, 347.40 million IP shares are outstanding with a float of 342.29 million shares on hand for trading. On 2024-11-29, short shares totaled 51.04 million, which was 1469.0 higher than short shares on 1730332800. In addition to Mr. Timothy S. Nicholls as the firm’s Senior VP & CFO, Mr. Joseph R. Saab serves as its Senior VP, General Counsel & Corporate Secretary.
Institutional Ownership:
Through their ownership of 1.06029 of IP’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, IP reported revenue of $4686000000.0 and operating income of $175000000.0. The EBITDA in the recently reported quarter was $509000000.0 and diluted EPS was $0.42.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IP since 22 analysts follow the stock currently. There are 15 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IP analysts setting a high price target of 66.0 and a low target of 47.0, the average target price over the next 12 months is 56.02. Based on these targets, IP could surge 20.31% to reach the target high and fall by -14.33% to reach the target low. Reaching the average price target will result in a growth of 2.11% from current levels.
Analysts have provided yearly estimates in a range of $1.55037 being high and $0.98573 being low. For IP, this leads to a yearly average estimate of $1.12928. Based on analyst estimates, the high estimate for the next quarter is $0.5 and the low estimate is $0.38. The average estimate for the next quarter is thus $0.46.
