Displaying items by tag: Goldman Sachs

International Paper Company (NYSE: IP)‘s stock had its “neutral” rating reiterated by investment analysts at Goldman Sachs in a note issued to investors on Friday, AnalystRatingsNetwork reports. They currently have a $51.00 target price on the stock.

Shares of International Paper Company (NYSE: IP) traded up 0.39% during mid-day trading on Friday, hitting $48.42. International Paper Company has a 52 week low of $27.29 and a 52 week high of $49.10. The stock’s 50-day moving average is currently $45.37. The company has a market cap of $21.363 billion and a P/E ratio of 26.76.

International Paper Company (NYSE: IP) last posted its quarterly earnings results on Tuesday, January 29th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.06. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter last year, the company posted $0.66 earnings per share. International Paper Company’s revenue was up 11.1% compared to the same quarter last year. Analysts expect that International Paper Company will post $3.90 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of International Paper Company in a research note to investors on Friday. They now have a $60.00 price target on the stock, up previously from $52.00. Separately, analysts at UBS AG raised their price target on shares of International Paper Company from $46.00 to $52.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Longbow Research reiterated a “buy” rating on shares of International Paper Company in a research note to investors on Tuesday, April 2nd. They now have a $56.00 price target on the stock.

Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. International Paper Company presently has an average rating of “Buy” and a consensus price target of $45.44.