Let’s start up with the current stock price of International Paper Company (IP), which is $55.28 to be very precise. The Stock rose vividly during the last session to $56.569 after opening rate of $55.43 while the lowest price it went was recorded $54.06 before closing at $55.74.Recently in News on October 12, 2021, International Paper Announces $2 Billion Share Repurchase Program; Decreases Cash Dividend 9.8% to $1.85 per Share Annually. International Paper today announced its board of directors has authorized a share repurchase program to acquire up to $2 billion of the company’s common stock. The new authorization is in addition to $1.3 billion remaining as of the end of the third quarter from a previous repurchase authorization. During the third quarter the company repurchased approximately $212 million in common stock at an average price of $59.13 per share. The company intends to continue repurchasing such shares in open market transactions. The company’s board of directors also decreased the quarterly common stock dividend by $0.05 per share or 9.8%, which brings the per share dividend to $1.85 annually. You can read further details here
International Paper Company had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $65.27 on 06/04/21, with the lowest value was $46.48 for the same time period, recorded on 02/04/21.
International Paper Company (IP) full year performance was 25.61%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, International Paper Company shares are logging -15.31% during the 52-week period from high price, and 30.13% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $42.48 and $65.27.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 2973555 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the International Paper Company (IP) recorded performance in the market was 11.18%, having the revenues showcasing -7.70% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 21.55B, as it employees total of 49300 workers.
Market experts do have their say about International Paper Company (IP)
During the last month, 9 analysts gave the International Paper Company a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 3 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 59.39, with a change in the price was noted -8.25. In a similar fashion, International Paper Company posted a movement of -12.99% for the period of last 100 days, recording 2,288,341 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for IP is recording 0.86 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.85.
Technical breakdown of International Paper Company (IP)
Raw Stochastic average of International Paper Company in the period of last 50 days is set at 35.73%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 48.13%. In the last 20 days, the company’s Stochastic %K was 52.14% and its Stochastic %D was recorded 44.62%.
Bearing in mind the latest performance of International Paper Company, several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 11.18%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -2.45%, alongside a boost of 25.61% for the period of the last 12 months. The shares increased approximately by 2.31% in the 7-day charts and went up by -4.28% in the period of the last 30 days. Common stock shares were lifted by -7.70% during last recorded quarter.