International Paper Co. (IP): The Latest Casualty Of Increased Volatility?

International Paper Co. (NYSE:IP) does about 6.94M shares in volume on a normal day but saw 7750245 shares change hands in Monday trading. The company now has a market cap of 15.56B USD. Its current market price is $44.79, marking a decrease of -0.93% compared to the previous close of $45.21. The 52 week high reached by this stock is $46.34 whilst the lowest price level in 52 weeks is $30.23.

International Paper Co. (IP) has a 20-day trading average at $43.14 and the current price is -3.34% off the 52-week high compared with 48.16% distance from its 52-week low. The 50-day simple moving average of the closing price is $39.35 and its 200-day simple moving average is $36.39. If we look at the stock’s price movements over the week, volatility stands at 2.75%, which increases to 2.86% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 66.06 to suggest the stock is neutral.

The consensus objective for the share price is $44.66, suggesting that the stock has a potential downside of -0.29% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 23, 2024 when Jefferies upgraded the stock to “Buy” and issued a price target of between $38 and $57. BofA Securities also upgraded the stock to “Buy” from Underperform on March 04, 2024 at a price target of $37-$42.

International Paper Co. (IP) stock is down -1.67% over the week and 12.42% over the past month. Its price is 23.90% year-to-date and 41.07% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -0.29 percent from here.

The company has a return on investment of 1.15% and return on equity of 2.23%. The price to earnings ratio (P/E ratio) amounts to 84.16 while the forward price to earnings ratio is 15.84. The beta has a value of 1.05. Price to book ratio is 1.88 and price to sales ratio is 0.84.