Goldman Sachs downgrades International Paper Co (IP) to a Hold
International Paper Co received a Hold rating and price target from Goldman Sachs analyst today.
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In addition to Goldman Sachs, International Paper Co also received a Hold from UBS’s Anojja Shah in a report issued today. However, on the same day, Citi maintained a Buy rating on International Paper Co (NYSE: IP).
Based on International Paper Co’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.01 billion and a GAAP net loss of $2.38 billion. In comparison, last year the company earned a revenue of $4.58 billion and had a GAAP net loss of $147 million
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IP in relation to earlier this year. Last month, Andrew Silvernail, the Chief Executive Officer of IP bought 50,000.00 shares for a total of $1,998,500.00.
Read More on IP:
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- International Paper price target raised to $47 from $46 at Citi
- International Paper downgraded to Neutral from Buy at UBS
- Under Armour, USA Rare Earth, Redwire, International Paper, Darden Insider Moves Exposed
- International Paper price target raised to 3,500 GBp from 3,400 GBp at JPMorgan
- International Paper price target lowered to $54 from $55 at RBC Capital
