JPMorgan Chase Sets International Paper Company Price Target at $33.00 (IP)

By admin | 6 years ago

JPMorgan Chase (NYSE: JPM) increased their price target on shares of International Paper Company (NYSE: IP) to $33.00 in a research note issued on Friday.

A number of other analysts have also recently weighed in on IP. Analysts at Zacks reiterated a “neutral” rating on shares of International Paper Company in a research note to investors on Tuesday, May 22nd. They now have a $31.00 price target on the stock. Finally, analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of International Paper Company in a research note to investors on Monday, April 30th.

International Paper Company traded down 1.05% on Friday, hitting $29.31. International Paper Company has a 52-week low of $21.55 and a 52-week high of $36.50. The company has a market cap of $12.818 billion and a price-to-earnings ratio of 11.01.

International Paper Company last posted its quarterly earnings results on Friday, April 27th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.06. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that International Paper Company will post $0.83 EPS next quarter.

International Paper Company (International Paper) is a global paper and packaging company, with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.

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