International Paper Co Stock Surpasses Analyst Price Target
In recent trading, shares of International Paper Co (Symbol: IP) have crossed above the average analyst 12-month target price of $56.60, changing hands for $56.93/share. When a stock reaches its target price as set by analysts, there are two common responses: one may downgrade the stock based on valuation, or they might raise their target price if company fundamentals are improving. The reaction often hinges on recent business developments that could be driving the stock’s price upward.
Within the Zacks coverage universe, there are 9 different analyst targets contributing to the average for International Paper Co. However, it’s important to remember that this is just a mathematical average. Some analysts have set lower targets, with one predicting a price of $45.90. Conversely, another analyst has set their target as high as $66.00. The standard deviation among these targets is $8.101.
Analyzing the average IP price target helps investors gauge consensus among analysts, rather than relying on a single viewpoint. With shares now priced above the average target of $56.60/share, investors are prompted to reassess the company’s potential. Is $56.60 merely a stepping stone towards a higher target, or has the stock’s valuation stretched too thin, warranting caution? Below is a table summarizing the current opinions of the analysts covering International Paper Co:
| Recent IP Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 5 | 5 | 5 | 5 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 2 | 2 | 2 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 0 |
| Average rating: | 2.0 | 2.0 | 2.0 | 1.78 |
The average rating shown in the last row of the table ranges from 1 (Strong Buy) to 5 (Strong Sell). This information was sourced from Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
