In recent market activity, International Paper Co (Symbol: IP) has seen its stock price exceed the average analyst 12-month target of $51.64, trading at $55.54 per share. When a stock hits an analyst’s target price, they usually have two choices: either downgrade their valuation or increase their target price. Their decision often hinges on the company’s performance—if prospects look positive, a target hike could be on the horizon.
The average target price for International Paper is based on insights from nine different analysts within Zacks’ coverage universe. However, not all predictions align; while some analysts foresee a target as low as $45.10, others anticipate it could reach as high as $57.00. The standard deviation among these estimates stands at $4.335, indicating varying expectations.
Investors closely monitor the average target price to harness the collective viewpoints of multiple analysts, rather than relying solely on one expert’s opinion. With IP now above the average target of $51.64 per share, shareholders are prompted to evaluate whether this price is merely a stepping-stone toward higher objectives or a signal to consider offloading some shares. The table below outlines the current analyst ratings for International Paper Co:
| Recent IP Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 5 | 5 | 5 | 4 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 3 | 3 | 3 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.78 | 1.78 | 1.78 | 2.0 |
The average rating of 1.78 reflects a strong buy consensus, where 1 indicates a strong buy and 5 signifies a strong sell. The data used in this article was sourced from Zacks Investment Research via Quandl.com. For more information, you can access the latest Zacks research report on IP — FREE.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
