Company Update: International Paper Company (NYSE:IP) – International Paper Demonstrates Ongoing Commitment to Food Safety

[PR Newswire] – MEMPHIS, Tenn., May 25, 2016 /PRNewswire/ — International Paper ( NYSE:IP ) today further solidified their ongoing commitment to improving food safety throughout the supply chain. The Company announced … Read more on this. International Paper Company (IP) , with a current market cap of $17.36B, opened this morning at $41.18. Today’s price range has been between $41.18 and $42.42 per share with the price of the stock fluctuating between $32.50 to $53.17 over the last 52 weeks. IP shares are currently priced at 11.83x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.43x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.76 per share annually in dividends, yielding 4.30%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $0.84 per share, which would be $0.13 worse than the year-ago quarter and a $0.02 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $3.46, which would be a $0.19 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.32 Billion. If reported, that would be a 6.83% decrease over the year-ago quarter. More recently, Jefferies downgraded IP from Buy to Hold (May 3, 2016). Previously, Credit Suisse downgraded IP from Outperform to Neutral. The average price target for IP shares by the analysts covering the stock is $46.47, which is 12.85% above where the stock opened this morning. See more in (NYSE:IP) Similar Articles: Stock Update: International Paper Company (NYSE:IP) – International Paper Reports First Quarter 2016 Earnings Market Update: International Paper Company (NYSE:IP) – International Paper Signs Agreement to Sell Asian Corrugated Packaging Business Company Update: International Paper Company (NYSE:IP) – International Paper Reports 2015 Fourth Quarter and Full-Year Earnings