Worldwide Paper (NYSE:IP – Get Score) has been given a consensus ranking of “Maintain” by the twelve scores corporations which might be presently overlaying the inventory, MarketBeat Rankings reviews. Three funding analysts have rated the inventory with a promote advice, 5 have issued a maintain advice and two have assigned a purchase advice to the corporate. The common 12-month goal worth amongst brokerages which have up to date their protection on the inventory within the final 12 months is $38.82.
IP has been the subject of various analysis reviews. Truist Monetary boosted their goal worth on shares of Worldwide Paper from $30.00 to $38.00 and gave the corporate a “maintain” ranking in a analysis report on Wednesday, February 1st. Wells Fargo & Firm boosted their goal worth on shares of Worldwide Paper from $32.00 to $38.00 and gave the corporate an “equal weight” ranking in a analysis report on Wednesday, February 1st. Argus upped their worth goal on shares of Worldwide Paper from $43.00 to $50.00 and gave the inventory a “purchase” ranking in a report on Thursday, February 2nd. Citigroup upped their worth goal on shares of Worldwide Paper from $36.00 to $44.00 and gave the inventory a “impartial” ranking in a report on Thursday, February 2nd. Lastly, Royal Financial institution of Canada upped their worth goal on shares of Worldwide Paper from $36.00 to $40.00 and gave the inventory a “sector carry out” ranking in a report on Wednesday, February 1st.
Worldwide Paper Inventory Down 1.0 %
Shares of NYSE IP opened at $38.27 on Friday. The corporate has a market capitalization of $13.61 billion, a P/E ratio of 9.40 and a beta of 1.05. Worldwide Paper has a 52-week low of $30.69 and a 52-week excessive of $50.23. The corporate has a debt-to-equity ratio of 0.57, a fast ratio of 0.97 and a present ratio of 1.35. The corporate’s 50 day transferring common worth is $37.32 and its 200-day transferring common worth is $37.12.
Worldwide Paper (NYSE:IP – Get Score) final launched its earnings outcomes on Tuesday, January thirty first. The essential supplies firm reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.18. Worldwide Paper had a internet margin of seven.11% and a return on fairness of 15.81%. The corporate had income of $5.13 billion for the quarter, in comparison with the consensus estimate of $5.20 billion. Throughout the identical quarter within the earlier 12 months, the corporate earned $0.78 EPS. Worldwide Paper’s quarterly income was up .9% in comparison with the identical quarter final 12 months. Equities analysts forecast that Worldwide Paper will publish 2.83 earnings per share for the present 12 months.
Worldwide Paper Dividend Announcement
The corporate additionally just lately introduced a quarterly dividend, which can be paid on Wednesday, March fifteenth. Stockholders of document on Friday, February seventeenth can be paid a $0.4625 dividend. The ex-dividend date is Thursday, February sixteenth. This represents a $1.85 annualized dividend and a dividend yield of 4.83%. Worldwide Paper’s payout ratio is 45.45%.
Insider Transactions at Worldwide Paper
In associated information, SVP Timothy S. Nicholls offered 5,000 shares of the inventory in a transaction dated Thursday, February sixteenth. The shares had been offered at a median worth of $38.95, for a complete transaction of $194,750.00. Following the completion of the transaction, the senior vice chairman now owns 129,261 shares within the firm, valued at $5,034,715.95. The transaction was disclosed in a doc filed with the SEC, which is on the market by means of this hyperlink. In different Worldwide Paper information, SVP Thomas J. Plath offered 2,000 shares of the inventory in a transaction dated Wednesday, November thirtieth. The shares had been offered at a median worth of $36.00, for a complete transaction of $72,000.00. Following the completion of the transaction, the senior vice chairman now owns 49,953 shares within the firm, valued at $1,798,308. The sale was disclosed in a doc filed with the Securities & Change Fee, which is on the market by means of the SEC web site. Additionally, SVP Timothy S. Nicholls offered 5,000 shares of the inventory in a transaction dated Thursday, February sixteenth. The inventory was offered at a median worth of $38.95, for a complete transaction of $194,750.00. Following the transaction, the senior vice chairman now owns 129,261 shares of the corporate’s inventory, valued at roughly $5,034,715.95. The disclosure for this sale will be discovered right here. Firm insiders personal 0.42% of the corporate’s inventory.
Hedge Funds Weigh In On Worldwide Paper
Quite a lot of institutional traders and hedge funds have just lately added to or decreased their stakes within the enterprise. Desjardins World Asset Administration Inc. elevated its holdings in Worldwide Paper by 45.5% within the 1st quarter. Desjardins World Asset Administration Inc. now owns 675 shares of the essential supplies firm’s inventory price $31,000 after buying an extra 211 shares within the final quarter. Brown Advisory Inc. elevated its holdings in Worldwide Paper by 1.8% within the 2nd quarter. Brown Advisory Inc. now owns 14,280 shares of the essential supplies firm’s inventory price $666,000 after buying an extra 250 shares within the final quarter. Glassman Wealth Providers elevated its holdings in Worldwide Paper by 38.0% within the 4th quarter. Glassman Wealth Providers now owns 1,016 shares of the essential supplies firm’s inventory price $35,000 after buying an extra 280 shares within the final quarter. TD Asset Administration Inc elevated its holdings in Worldwide Paper by 0.3% within the 4th quarter. TD Asset Administration Inc now owns 120,281 shares of the essential supplies firm’s inventory price $4,165,000 after buying an extra 310 shares within the final quarter. Lastly, Kentucky Retirement Techniques Insurance coverage Belief Fund elevated its holdings in Worldwide Paper by 2.5% within the third quarter. Kentucky Retirement Techniques Insurance coverage Belief Fund now owns 12,974 shares of the essential supplies firm’s inventory price $411,000 after buying an extra 311 shares within the final quarter. Institutional traders personal 83.64% of the corporate’s inventory.
Worldwide Paper Firm Profile
(Get Score)
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by means of the next segments: Industrial Packaging, World Cellulose Fibers, and Printing Papers. The Industrial Packaging phase is concerned in manufacturing containerboards, which embody linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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