International Paper (IP)

• Market cap: $18.9B
• 1 day: 1.13%
• 5 days: -2.23%
• 1 month: -7.46%
• 3 months: 11.78%
• 6 months: 16.97%
• Year to date: 49.01%
• 1 year: 48.81%
• 5 years: 18.01%
• 10 years: 0.59%
• Sector: Materials
• Industry: Paper Mills

About: International Paper manufactures packaging products and cellulose fibers. It accounts for roughly one third of the North American corrugated packaging market. Though it has operations in Brazil, India, and China, more than three fourths of its sales come from North America. International Paper serves a variety of end markets, including industrial, consumer products, and manufacturing.

Employees: 39,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

85% more call options, than puts

Call options by funds: $624M | Put options by funds: $338M

19% more capital invested

Capital invested by funds: $14.6B [Q2] → $17.5B (+$2.85B) [Q3]

16% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 94

5.56% more ownership

Funds ownership: 97.63% [Q2] → 103.19% (+5.56%) [Q3]

2% more funds holding

Funds holding: 842 [Q2] → 857 (+15) [Q3]

2% less repeat investments, than reductions

Existing positions increased: 301 | Existing positions reduced: 306

29% less funds holding in top 10

Funds holding in top 10: 7 [Q2] → 5 (-2) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $61 12% upside
• Avg. target: $63 15% upside
• High target: $64 18% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

RBC Capital Matthew McKellar 38% 1-year accuracy 8 / 21 met price target	18% upside $64	Outperform Maintained	1 Nov 2024
Truist Securities Michael Roxland 55% 1-year accuracy 24 / 44 met price target	12% upside $61	Buy Reiterated	1 Nov 2024